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Why auditors need to attain audit evidence
When significant fluctuations/unexpected relationshipsare identified which are inconsistent with other relevant information or that deviate from predicted patterns, auditors must investigate and obtain adequate explanations and appropriate corroborative evidence.Auditors need to attain sufficient appropriate audit evidence that information being used for analytical procedures is reliable.
Financial Repor ting The process of preparing the corporation's financial statements in accordance with generally accepted accounting principles. The statements prepare
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This is usually the third- or fourth-highest rating that a rating agency allocates to a security or insurance carrier. It is frequently the lowest investment-grade rating, but it i
how to calculate trend analysis?
• Graph the Current and Quick Ratios for the five years. • Analyze observations of the trends you observed. • Support you analysis with information you observe from the Trend and
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Discuss how a business might limit agency problem between management and creditors
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