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Read the overview below and complete the activities that follow. The audit procedures for each financial statement account must be tailored to uncover potential misstatements

Read the overview below and complete the activities that follow.

The audit procedures for each financial statement account must be tailored to uncover potential misstatements in each

account.

CONCEPT REVIEW:

While specific audit procedures must be tailored to each type of account, it is important to ensure that the auditors are

meeting general objectives based on assertions.

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