Auditing means the inspection of financial accounts of the company to determine if the records are accurate as per the rules and regulations of accounting or not. There are two types of auditors i.e. internal auditors and external auditors, that carry out the auditing process. To state: The substantive procedures an auditor can used to check if proper valuation is done of all the purchases debited to fixed asset.

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Chapter 5, Problem 85RSCQ

To determine

Introduction: Auditing means the inspection of financial accounts of the company to determine if the records are accurate as per the rules and regulations of accounting or not. There are two types of auditors i.e. internal auditors and external auditors, that carry out the auditing process.

To state:The substantive procedures an auditor can used to check if proper valuation is done of all the purchases debited to fixed asset.

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