Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
10th Edition
ISBN: 9780077732509
Author: William F Messier Jr, Steven M. Glover Associate Professor, Douglas F. Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 10, Problem 10.28P
To determine

Concept Introduction:The documents which record the step by step process of auditing are known as audit working papers. These working papers are comprised of audit evidencethatisobtained during auditing financial statements or while investigation. Audit working papers are also helpful to the auditor to assure whether the audit performed on the financial statements are according to the auditing standards or not.

Deficiencies in the working paper that the engagement supervisor should discover.

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The maturity value of an $35,000 non-interest-bearing, simple discount 4%, 120-day note is:
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