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Problem 1: Regarding the auditor's reasoning process about an account balance, the auditor should:
A. Simply state a conclusion because anything else would lead to second-guessing by another auditor or a lawyer.
B. Identify all of the elements of the reasoning process and document them in a memo
C. Assure that audit documentation, by itself, is sufficient to support the auditor's opinion without an explicit description of the reasoning process; that is, the evidence can stand on its own
D. Be limited to analysis made by the partner in charge of the engagement
CSMT 360 - Construction Accounting and Financial Management Assignment help and solutions:-What is cost segregation? What are the advantages and disadvantages
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