Question
Potential Audit Procedure Failures.For each of the general audit procedures of (1) recalculation,(b)observation, (c)confirmation (accounts receivable, securities, or other assets), (d)inquiry, (e) inspection of internal
Potential Audit Procedure Failures.For each of the general audit procedures of (1) recalculation,(b)observation, (c)confirmation (accounts receivable, securities, or other assets), (d)inquiry, (e) inspection of internal documents, (f) recalculation, (g) performance, and (H)analytical procedures, discuss one way the procedure could be misapplied or the auditors could be misled in such a way as to render the work(audit evidence) misapplied or the auditors could be misled in such a way as to render the work (audit evidence) misleading or irrelevant.
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