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1. Describe four management assertions for account balances at the end of the reporting period. 2. Describe five management assertions about transactions and transactions during
1. Describe four management assertions for account balances at the end of the reporting period.
2. Describe five management assertions about transactions and transactions during the audit period.
3. Describe five management assertions for presentation and disclosure.
4. Describe the three purposes that a company establishes and maintains internal control.
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