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1. CPAs must be independent to issue a compilation report. (True/False) Analytical procedures may be used to assess the reasonableness of year-end balances for cash
1. CPAs must be independent to issue a compilation report. (True/False) Analytical procedures may be used to assess the reasonableness of year-end balances for cash and/or financial instruments. (True/False) Current professional auditing standards required the performance of analytical procedures during the planning and completion phases of the audit. (True/False) Examining the minutes of the board of directors' meetings for proper authorization ordinarily tests the existence/occurrence objective for capital stock transactions. (True/False)
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