EBK AUDITING & ASSURANCE SERVICES: A SY
EBK AUDITING & ASSURANCE SERVICES: A SY
10th Edition
ISBN: 9781259293245
Author: Jr
Publisher: MCGRAW HILL BOOK COMPANY
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Chapter 15, Problem 15.24P
To determine

Introduction: The substantive audit procedures are the procedures applied by an auditor to test the assertions like existence, occurrence, completeness, validity, etc. Whenever an auditor suspects any kind of error or fraud in the financial statements, substantive audit procedures are designed in order to find out such errors in the statements.

To explain: The substantive audit procedures to be applied in examining common stock and treasury stock accounts.

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