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Author Question: The most effective and efficient audit approach in the examination of the income statement would be ... (Read 22 times)

meganh99

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on: Aug 21, 2022

Question 1

The auditor needs to be aware that most users of financial statements rely most heavily on the ________ for making decisions.
◦ balance sheet
◦ income statement
◦ statement of cash flows
◦ statement of stockholders' equity

Question 2

The most effective and efficient audit approach in the examination of the income statement would be which of the following?
◦ Examine income statement accounts concurrently with the related balance sheet accounts.
◦ Compare company's components of net income to other businesses in the same industry.
◦ Compare company's components of net income to the previous two years.
◦ Examine changes in all balance sheet accounts.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by meganh99 on Aug 21, 2022

heathercab

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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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meganh99

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

FergA

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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