Assets are the most valuable item for a company. The company applies controls over assets for its safeguard and detection of assets frauds. The auditor also tests these controls to determine the nature and extent of the audit procedures applied for audit of assets. To choose: The correct option.

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Chapter 14, Problem 14.16MCQ

To determine

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Assets are the most valuable item for a company. The company applies controls over assets for its safeguard and detection of assets frauds. The auditor also tests these controls to determine the nature and extent of the audit procedures applied for audit of assets.

To choose: The correct option.

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