a. Why is it important for the auditor to identify related parties in the planning phase of
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a. Why is it important for the auditor to identify related parties in the planning phase of the audit?
b. Give three examples of transactions involving related parties.
c. What specific auditing procedures can be used to determine the existence of related parties?
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a It is important for the auditor to identify related parties in the planning phase of the audit because transactions with related parties ...View the full answer
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