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During your audit of the December 3 1 , 2 0 2 3 , financial statements of Bramble Thornburg, Incorporated, a wholesaler of pointy objects,
During your audit of the December financial statements of Bramble Thornburg, Incorporated, a wholesaler of
"pointy objects", you conduct your testing on the inventory and purchasing cycle. There are several misstatements in
the company's inventory and accounts payable, but of course you don't know that before the audit begins. For each of
the misstatements, write the letter in the box for
The management assertion violated.
A specific internal control procedure the company could implement to prevent this misstatement from occurring in
the future.
A specific substantive audit procedure the auditor would most likely perform to detect the misstatement.
Required:
Any selection may be used once, more than once, or not at all. Each box can have only one letter written in it It is
possible that there may be multiple correct responses for some questions.
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