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In testing the existence assertion for an asset like inventory or equipment, an auditors testing normally proceeds in the direction from the a. Financial statements
In testing the existence assertion for an asset like inventory or equipment, an auditors testing normally proceeds in the direction from the
a. | Financial statements to the potentially unrecorded items | |
b. | Potentially unrecorded items to the financial statement | |
c. | Accounting records to the supporting evidence of the assets purchase | |
d. | Supporting evidence of the assets purchase to the accounting records |
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