Tracing is: a. not a useful audit procedure. b. tracking source documents back to the underlying accounting

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Tracing is:

a. not a useful audit procedure.

b. tracking source documents back to the underlying accounting records.

c. the main audit procedure used to gather evidence on the existence assertion.

d. not designed to be used as a substantive audit procedure.

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Auditing A Practical Approach

ISBN: 9781119709497

4th Canadian Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren

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Question Posted: Feb 27, 2024 03:10 AM

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Tracing is: a. not a useful audit procedure. b. tracking source documents back to the underlying accounting

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Tracing is Therefore option b accurately describes tracing Tracing involves following ...View the full answer

Auditing A Practical Approach

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