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 5, Problem 5.4RQ
To determine

Concept Introduction:

Audit planning is the crucial phase of the audit where auditor determines the nature, timing, and extent of the audit procedures. The auditor also allocates the responsibilities to its team members during the planning stage.

To indicate:The relation of management assertions with financial statements.

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