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TOPIC: Assertions, Audit Procedures and Audit Evidence Help me answer these questions and please answer BRIEFLY the following questions, Thank you. 1. Define financial statement
TOPIC: Assertions, Audit Procedures and Audit Evidence
Help me answer these questions and please answer BRIEFLY the following questions, Thank you.
1. Define financial statement assertions.
2. Enumerate the different assertions for classes of transactions, account balances, and presentation and disclosure.
3. Distinguish test of control from substantive test.
4. When should substantive analytical procedures be performed as a further audit procedure?
5. Define audit evidence.
6. What affects the sufficiency and appropriateness of audit evidence
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