AUDITING+ASSURANCE SERVICES (LL)
AUDITING+ASSURANCE SERVICES (LL)
11th Edition
ISBN: 9781266448119
Author: MESSIER
Publisher: MCG
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Chapter 17, Problem 17.12RQ
To determine

Introduction: The restatement of financial statements means revising the financial statements if any significant error has been reported in the statements that have already been prepared. The entity needs to cooperate with the auditor if the auditor asks for restatement of financial statements or asks for making necessary disclosures.

To explain: The events that would require restatement of the issued financial statements and the procedure an auditor should follow if the entity refuses to cooperate and make the necessary disclosures.

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What are the five management assertions that serve as basis for financial statements audit programs?
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