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Author Question: When auditing insurance expense, auditors normally rely on analytical procedures and limited testing ... (Read 79 times)

sh03641

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Question 1

The realizable value audit objective is not applicable when auditing prepaid insurance or insurance expense.
◦ true
◦ false

Question 2

When auditing insurance expense, auditors normally rely on analytical procedures and limited testing of the debits to ensure that they arose from credits to prepaid insurance.
◦ true
◦ false


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Marked as best answer by sh03641 on Aug 21, 2022

gwisel

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sh03641

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Reply 2 on: Aug 21, 2022
Excellent


nathang24

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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