You are auditing one of the Controller's expense reports and note that she has included a large amount for a flight to California with her husband and two children. What is the most appropriate first course of action? A: Conclude that this is an inappropriate expense to be put through the financial statements and extend your sample. B: Bring this to the attention of a more experienced team member and always remain professionally sceptical. C: Document a significant matter immediately and leave for a more experienced team member to review.
You are auditing one of the Controller's expense reports and note that she has included a large amount for a flight to California with her husband and two children. What is the most appropriate first course of action? A: Conclude that this is an inappropriate expense to be put through the financial statements and extend your sample. B: Bring this to the attention of a more experienced team member and always remain professionally sceptical. C: Document a significant matter immediately and leave for a more experienced team member to review.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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am.456.
Transcribed Image Text:You are auditing one of the Controller's expense reports
and note that she has included a large amount for a
flight to California with her husband and two children.
What is the most appropriate first course of action?
A: Conclude that this is an inappropriate expense to be
put through the financial statements and extend your
sample.
B: Bring this to the attention of a more experienced
team member and always remain professionally
sceptical.
C: Document a significant matter immediately and leave
for a more experienced team member to review.
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