The auditor decided to examine 100 percent of the invoices supporting additions to property and equipment. Several
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The auditor decided to examine 100 percent of the invoices supporting additions to property and equipment. Several months after the audit was completed and the audit report was issued, significant amounts of expenditures were discovered to have been charged to the property and equipment accounts instead of repairs expense. Explain how the auditor could have overlooked these misclassifications.
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Related Book For
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
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