Audit procedures are used to determine the quality of financial information by the auditors and finally they express their opinion. Depending upon the nature of the business the procedures are different. Material misstatement refers to the wrong statements present in financial statements and may affect economic decisions. To state: The auditors’ performance in substantive procedure in the client’s financial statements.

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Answer 1

Question

Chapter 9, Problem 58RSCQ

To determine

Introduction: Audit procedures are used to determine the quality of financial information by the auditors and finally they express their opinion. Depending upon the nature of the business the procedures are different. Material misstatement refers to the wrong statements present in financial statements and may affect economic decisions.

To state: The auditors’ performance in substantive procedure in the client’s financial statements.

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Answer 2

Question

Chapter 9, Problem 58RSCQ

To determine

Introduction: Audit procedures are used to determine the quality of financial information by the auditors and finally they express their opinion. Depending upon the nature of the business the procedures are different. Material misstatement refers to the wrong statements present in financial statements and may affect economic decisions.

To state: The auditors’ performance in substantive procedure in the client’s financial statements.

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Answer 3

Question

Chapter 9, Problem 58RSCQ

To determine

Introduction: Audit procedures are used to determine the quality of financial information by the auditors and finally they express their opinion. Depending upon the nature of the business the procedures are different. Material misstatement refers to the wrong statements present in financial statements and may affect economic decisions.

To state: The auditors’ performance in substantive procedure in the client’s financial statements.

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Answer 4

Question

Chapter 9, Problem 58RSCQ

To determine

Introduction: Audit procedures are used to determine the quality of financial information by the auditors and finally they express their opinion. Depending upon the nature of the business the procedures are different. Material misstatement refers to the wrong statements present in financial statements and may affect economic decisions.

To state: The auditors’ performance in substantive procedure in the client’s financial statements.

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Answer 5

Chapter 9, Problem 58RSCQ

To determine

Introduction: Audit procedures are used to determine the quality of financial information by the auditors and finally they express their opinion. Depending upon the nature of the business the procedures are different. Material misstatement refers to the wrong statements present in financial statements and may affect economic decisions.

To state: The auditors’ performance in substantive procedure in the client’s financial statements.

Answer 6

Chapter 9, Problem 58RSCQ

To determine

Introduction: Audit procedures are used to determine the quality of financial information by the auditors and finally they express their opinion. Depending upon the nature of the business the procedures are different. Material misstatement refers to the wrong statements present in financial statements and may affect economic decisions.

To state: The auditors’ performance in substantive procedure in the client’s financial statements.

Answer 7

Chapter 9, Problem 58RSCQ

To determine

Introduction: Audit procedures are used to determine the quality of financial information by the auditors and finally they express their opinion. Depending upon the nature of the business the procedures are different. Material misstatement refers to the wrong statements present in financial statements and may affect economic decisions.

To state: The auditors’ performance in substantive procedure in the client’s financial statements.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 9 - Prob. 1TFQ Ch. 9 - Prob. 2TFQ Ch. 9 - Prob. 3TFQ Ch. 9 - Prob. 4TFQ Ch. 9 - Prob. 5TFQ Ch. 9 - Prob. 6TFQ Ch. 9 - Prob. 7TFQ Ch. 9 - Prob. 8TFQ Ch. 9 - Prob. 9TFQ Ch. 9 - Prob. 10TFQ

Solution Summary: The author explains that audit procedures determine the quality of financial information by auditors and express their opinion. Material misstatement refers to the wrong statements present in financial statements and may affect economic decisions.

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Chapter 9 Solutions