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Auditors must test debt covenant compliance before performing substantive procedures and, again, after recording any adjusting entries for misstatements detected. True False If the amount
Auditors must test debt covenant compliance before performing substantive procedures and, again, after recording any adjusting entries for misstatements detected. True False If the amount of outstanding checks on a bank reconciliation is understated by $500, the balance of cash per books is overstated by $500 True False
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