Sufficient audit evidence of its overstatement

Reference no: EM133359926

Procedures

A subsequent receipt will be necessary to obtain sufficient audit evidence of its overstatement existence. Since Razor's Edge Laser Cutting Inc.(Razor) has just completed their year end on June 3011, there is a possibility of inflation within their financial statements. Auditors will need to check if there are any differences made prior to the audit engagement date for any in?ation made by management that could pose risk for material misstatement.

Reference no: EM133359926

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