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Accounting All-in-One For Dummies, with Online Practice, 2nd Edition
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Accounting All-in-One For Dummies, with Online Practice, 2nd Edition

by Joseph Kraynak
April 2018
Beginner content levelBeginner
768 pages
20h 9m
English
For Dummies
Content preview from Accounting All-in-One For Dummies, with Online Practice, 2nd Edition

Chapter 4

Collecting and Documenting Audit Evidence

IN THIS CHAPTER

check Evaluating information from your client’s management

check Considering the four concepts of audit evidence

check Putting your knowledge and experience to work

check Asking for appropriate evidence

check Gathering audit documentation

After finishing risk assessment, as explained in Chapter 3, you must understand how to work with your client’s audit evidence and internal controls. This step needs to happen before you start the audit process. Understanding audit evidence and internal controls is particularly important if you’re working with a new audit client. This chapter fills you in on working with audit evidence, and Chapter 5 is all about evaluating a company’s internal controls.

remember Don’t ever forget that the financial statements you’re auditing are the responsibility of your client’s management. Your job is merely to express an opinion about ...

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Publisher Resources

ISBN: 9781119453895Purchase book