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Author Question: The main focus taken by the auditor in verifying liability balances is on the discovery ... (Read 14 times)

yagurl

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on: Aug 21, 2022

Question 1

The extent of a search for unrecorded liabilities largely depends on
◦ materiality and inherent risk.
◦ materiality and control risk.
◦ materiality only.
◦ inherent risk only.

Question 2

The main focus taken by the auditor in verifying liability balances is on the discovery of
I.understated liabilities.
II.omitted liabilities.

◦ I only
◦ II only
◦ both I and II
◦ neither I nor II
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by yagurl on Aug 21, 2022

ALuthy

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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yagurl

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

meow1234

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Reply 3 on: Yesterday
:D TYSM

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