Question
The creditors ledger control account did not match the list of balances in vendor accounts. An investigation found that payments for November 2005 were recorded
The creditors ledger control account did not match the list of balances in vendor accounts. An investigation found that payments for November 2005 were recorded as made in December 2005. The list of balances was understated by $200,000. What steps can be taken to correct this error?
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
14th Edition
133081605, 132575957, 9780133081602, 978-0132575959
