Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN: 9781337619455
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: Cengage Learning
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Textbook Question
Chapter 12, Problem 3RQSC
Identify the five management assertions and describe how they are relevant to long-lived assets.
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Distinguish between current assets and non-current assets, giving TWO examples of each type of asset.
Define current assets and list the typical asset categories included in this classification.
Discuss the rationale of using total assets as a basic in determining materiality.
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Auditing: A Risk Based-Approach (MindTap Course List)
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