Mylab Accounting With Pearson Etext -- Access Card -- For Auditing And Assurance Services (17th Edition)
Mylab Accounting With Pearson Etext -- Access Card -- For Auditing And Assurance Services (17th Edition)
17th Edition
ISBN: 9780135176115
Author: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
Publisher: PEARSON
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Chapter 23, Problem 25DQP

a.

To determine

State the inherent and control risks related to financial instruments accounts for Company M.

b.

To determine

State at least two audit procedures the auditor should perform to test the existence balance-related audit objective for securities.

c.

To determine

Identify auditor testing the completeness for balance related audit objective for financial derivatives.

d.

To determine

State two audit procedures that auditor would perform to test the realizable value balance-related audit objective for financial instruments.

e.

To determine

Identify the need of valuation specialist is required or not to audit the financial instruments.

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