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2. 15 marks Audit Programme. A normal procedure in the audit of a corporate client consists of a careful reading of the minutes of meetings

2. 15 marks Audit Programme. A normal procedure in the audit of a corporate client consists of a careful reading of the minutes of meetings of the board of directors. One of the auditors' objectives in reading the minutes is to determine whether the transactions recorded in the accounting records agree with actions approved by the board of directors Required: A. What is the reasoning underlying this objective of reconciling transactions in the corporate accounting records with actions approved by the board of directorsimage text in transcribed

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