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AUDITING FOR OWNERS' EQUITY ACCOUNTING
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auditor tests -- accounts receivable; audit procedures when testing the detail tie-in objective for the accounts receivable.
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FIVE-STEP APPROACH TO IDENTIFY DEFICIENCIES
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INTERNAL CONTROL FRAMEWORK DEVELOPED BY COSO
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Determining the acceptable level of detection risk
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RISK OF MATERIAL MISSTATEMENT
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characteristics of relevant evidence
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Financial statement audit.Analytical procedures and test of details of balances.
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Six elements of quality control
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performing the audit and the need for verifiable information and established criteria to examine
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This video discussion centers around "evidence" and the reliability and types of evidence the auditor gathers.
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Discusses the parts of the audit report, including the need for an explanatory paragraph. It also discusses the three conditions that require a departure from the unmodified opinion audit report. …
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