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Audit Assertions and Substantive Audit Procedures for Inventories and Intellectual Property

   

Added on  2023-06-06

13 Pages2871 Words115 Views
Audit Assignment

1
By student name
Professor
University
Date: 7th Sep 2018.
Executive Summary
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In this assignment audit assertios and their importance with respect to two specific elements of
the balance sheet with respect to inventories and intellectual property is being discussed. Audit is
an examination of the books of the accounts of the company to comment whether the financial
statements are correct or not. Audit assertions provide support to the auditor and helps in
improving the overall transparency of the audit report.
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3
Contents
Question 1...................................................................................................................................................3
Question 2...................................................................................................................................................5
References.................................................................................................................................................10
Audit Assertion:
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