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7 Cards in this Set
- Front
- Back
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auditor traces sample of shipping documents to sales invoices to... |
test completeness of sales |
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when control risk is assessed as low, |
-auditor evaluates Tests of Controls to support that level -substantive tests are limited to analytical procedures and recalculation of year-end accruals |
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in order to qualify for hedge treatment, entity must... |
disclose possible risk exposure and losses |
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auditor identifies contingent liabilities by... |
obtaining a standard bank confirmation |
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analytical review is used to ascertain... |
the reasonableness of investment income in relationships to the amount invested |
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an independent person comparing contents of safe deposit box with recorded balances in investment sub ledger is an effective control for assuring... |
proper custody of investment assets |
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in testing LT investments, auditor uses analytical procedurs to ascertain... |
the reasonableness of the completeness recorded investment income |
