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Suppose an investment firm had approximately 10% of its total assets invested in funds managed by Madoff Securities. List and describe five substantive (5) audit
- Suppose an investment firm had approximately 10% of its total assets invested in funds managed by Madoff Securities. List and describe five substantive (5) audit procedures (and accompanying audit assertions) the investment firm's auditors should apply to the audit of these assets. (10 marks)
- Name and describe five (5) possible internal controls related to the investment function. (10 marks)
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Financial Accounting
Authors: Strayer University
1st Edition
0470603526, 978-0470603529
