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Author Question: Why does the auditor divide the financial statements into segments around the financial statement cycles? (Read 77 times)

jlol3

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Why does the auditor divide the financial statements into segments around the financial statement cycles?
◦ Most auditors are trained to audit cycles as opposed to entire financial statements.
◦ The approach aids in the assignment of tasks to different members of the audit team.
◦ The cycle approach is required by auditing standards.
◦ The cycle approach allows the auditor to detect illegal acts.


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Marked as best answer by jlol3 on Aug 21, 2022

Sha

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jlol3

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


frankwu0507

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Reply 3 on: Yesterday
Excellent

 

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