Loose Leaf for Auditing & Assurance Services
Loose Leaf for Auditing & Assurance Services
7th Edition
ISBN: 9781260152166
Author: Timothy J Louwers, Allen Blay, David Sinason Associate Professor, Jerry R Strawser, Jay C. Thibodeau Associate Professor
Publisher: McGraw-Hill Education
Question
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Chapter G, Problem 56EP

a.

To determine

State whether if any of the account misstatements must be considered as monetary misstatements and state whether any of the account misstatements must be included in the calculation of the upper limit on misstatements using MUS.

b.

To determine

Compute the upper limit on misstatements and identify whether the evidence from these misstatements specifies that the accounts receivable balance is or is not materially misstated.

c.

To determine

Find out whether any additional procedures are needed by the audit team regarding account 1216 or account 2003.

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