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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 61
Control Objectives and Procedures Associations. Exhibit 7.60.1 contains an arrangement of examples of transaction errors (lettered a-g) and a set of client control procedures and devices (numbered 1-15). Make a copy of the exhibit page and complete the following requirements.
Required
a. Opposite the examples of transaction errors lettered a-g, write the name of the transaction assertion clients wish to achieve to prevent, detect, or correct the error.
b. Opposite each numbered control procedure, place an "X" in the column that identifies the error(s) the procedure is likely to control by prevention, detection, or correction.
EXHIBIT 7.60.1
Required
a. Opposite the examples of transaction errors lettered a-g, write the name of the transaction assertion clients wish to achieve to prevent, detect, or correct the error.
b. Opposite each numbered control procedure, place an "X" in the column that identifies the error(s) the procedure is likely to control by prevention, detection, or correction.
EXHIBIT 7.60.1
Explanation
Verified
Verified
a.Followings are the transactions error ...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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