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What auditing procedure or procedures might bring to light

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Reference no: EM132474514

Question 1: For each of the following audit areas, (1) describe an unrecorded liability that might be discovered and (2) state what auditing procedure or procedures might bring it to light.

a. Construction in progress (property, plant, and equipment).

b. Prepaid insurance.

c. License authorizing the client to produce a product patented by another company.

d. Minutes of directors' meetings.

Reference no: EM132474514

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