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Suppose you are an auditor who wants to test a sample of recorded client cash receipts transactions with respect to the occurrence assertion. Clearly answer
Suppose you are an auditor who wants to test a sample of recorded client cash receipts transactions with respect to the occurrence assertion. Clearly answer each of the following: A.) When testing this assertion, would you primarily be testing for overstatement or understatement of the recorded cash balance? Explain and be specific. B.) Describe how you would perform this test including precisely what accounting records and other evidence you would use. Explain and be specific.
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