Material Items in Liabilities and Equity
Because liabilities and equity are material items on a company’s balance sheet, auditors look at these areas very closely. You will demonstrate your understanding of audit tests over different aspects of liabilities and equity i n your response to this Assignment.
The questions listed below are found in Chapters 14 and 15 of Principles of Auditing. Answer the questions and submit your work to the instructor as outlined below.
- Problems: 14–37
- Problems: 14–38
- Questions Requiring Analysis: 15–30
- Objective Questions: 15–32
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