Auditing and Accounting Cases 4th Edition by Deborah Freier,Jay Thibodeau

تمرين 4

Consult Paragraphs 12-15 of PCAOB Auditing Standard No. 13. Consider the sale of the Santa Fe Trails Ranch II stock by Foundation Investments to Friend. Do you believe that the auditor should have completed any additional testing beyond vouching the payment received from Friend? Provide the rationale for your decision.