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Can you solve this for auditing An auditor decides to send a confirmation to the entity's broker. This will NOT provide evidence related to the

Can you solve this for auditing
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An auditor decides to send a confirmation to the entity's broker. This will NOT provide evidence related to the assertion of rights and obligations. completeness. accuracy, valuation and allocation. existence. In the course of auditing property, plant, and equipment, the auditor reviews the repairs and maintenance expense account. The auditor is gathering evidence related to the assertion of cut-off. completeness. rights and obligations. valuation. When auditors physically observe various items recorded in property, plant, and equipment, they are gathering evidence related to the audit objective of existence. completeness. presentation. rights and obligations. At the end of the audit, the auditor reconsiders their assessment of internal control and fraud risk. To perform this evaluation, auditors must consider management's opinion on the significance of the qualitative factors involved. consider the involvement of those charged with governance. use professional judgement. use professional scepticism. At year-end Faie Bialis sent out accounts receivable confirmations. One of the major customers of her client confirmed the amount of the receivable. After year end, but prior to the issuance of the audit report, the client declared bankruptcy and an aggrieved shareholder of Faie's client sued her firm. What type of subsequent event was this? Type 1 and 2. Type 2. Type 1. This was not a subsequent event

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