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6. Audit Plan The auditors for Golden Gate Company have a gut feeling that liabilities may be unrecorded. Their initial suspicions stem from a radical decline in accrued liabilities from last year. Golden Gate's records are all computerized. Required: Devise a plan to search the data files to per- form a substantive test for identifying unre- corded liabilities.

6. Audit Plan The auditors for Golden Gate Company have a gut feeling that liabilities may be unrecorded. Their initial suspicions stem from a radical decline in accrued liabilities from last year. Golden Gate's records are all computerized. Required: Devise a plan to search the data files to per- form a substantive test for identifying unre- corded liabilities.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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IT Controls: Systems Development, Program Changes, and Application Controls
6. Audit Plan The auditors for Golden Gate Company have a gut feeling that liabilities may be unrecorded. Their initial suspicions stem from a radical decline in accrued liabilities from last year. Golden Gate's records are all computerized. Required: Devise a plan to search the data files to per- form a substantive test for identifying unre- corded liabilities.
Transcribed Image Text:6. Audit Plan The auditors for Golden Gate Company have a gut feeling that liabilities may be unrecorded. Their initial suspicions stem from a radical decline in accrued liabilities from last year. Golden Gate's records are all computerized. Required: Devise a plan to search the data files to per- form a substantive test for identifying unre- corded liabilities.
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