The ultimate responsibility for summarizing and evaluating the separate audit findings in formulating the audit opinion rests with the in-charge senior.
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Q1: Many public accounting firms have detailed financial
Q2: GAAS does not specify specific auditing requirements
Q4: Gain contingencies present very little problem to
Q5: As aggregate likely misstatement increases, the risk
Q6: Obtaining a management representation letter is an
Q7: A rep letter may complement other auditing
Q8: Management's refusal to furnish written representations may
Q9: When material, type 1 subsequent events require
Q10: If, after considering identified conditions and management's
Q11: Analytical procedures performed during the final review
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