The Audit process: Verification of Assets and Liabilities

Institution MASENO UNIVERSITY
Course ACCOUNTING
Year 1st Year
Semester Unknown
Posted By Liz Ochola
File Type pdf
Pages 21 Pages
File Size 272.99 KB
Views 2450
Downloads 0
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Description

Despite any reliance on any controls, the auditor must substantiate the substance of the accounts. He must obtain evidence that the accounts give a true and fair view. To do that he has to verify the amounts attached to assets and liabilities in the accounts.
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