AUDITING+ASSURANCE 12MONTH ACCESS CARD
AUDITING+ASSURANCE 12MONTH ACCESS CARD
17th Edition
ISBN: 9780135635131
Author: ARENS
Publisher: WILEY
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Chapter 13, Problem 2RQ
To determine

Explain the purpose of tests of control and list the specific accounts on the financial statements that are affected by performing the tests of controls for the acquisition of payment cycle.

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Does computerization of data processing affect the objective of financial statement audit? Discuss.
What is the purpose of analytical reviews in the audit of revenue cycle accounts? Please give an example.
What tools do auditors use to verify the ending balances in the various accounts in the acquisition and payments cycle? Please provide reference(s).
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