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For each of the following audit procedures, explain what audit assertions each procedure helps to test: 1.Inspection of records and documents (Vouching, Tracing, Scanning) 2.Inspection
For each of the following audit procedures, explain what audit assertions each procedure helps to test:
1.Inspection of records and documents (Vouching, Tracing, Scanning)
2.Inspection of tangible assets
3.Observation
4.Inquiry
5.Confirmation
6.Recalculation
7.Reperformance
8.Analytical Procedures
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