The following are 5 of the key procedures performed when testing journal entries. What is the proper order of these procedures? 1. 2. 3.
The following are 5 of the key procedures performed when testing journal entries. What is the proper order of these procedures? 1. 2. 3. 4. 5. Understand the entity's financial reporting process for journal entries Develop suitable approach including the selection criteria for identifying unusual journal entries Evaluate the design and verify implementation of journal entry controls Verify the completeness of the journal entry population Check journal entries supporting documentation, authorization and appropriateness
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