In the audit of the transactions and amounts in the capital acquisitions and repayments cycle,the auditor must ensure that significant legal requirements affecting the financial statements have been properly fulfilled and

Question

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The auditor must ensure that any significant legal requirements related to the capital acquisitions and repayments cycle have been fulfilled and disclosed appropriately in the financial statements. This means that any departures from the agreements must be disclosed, and the auditor must ensure that the financial statements are in compliance with any relevant laws and regulations. If violations are found, it may be necessary to report them to the appropriate authorities, but the primary concern is to ensure that the financial statements are accurate and complete.

In the Audit of the Transactions and Amounts in the Capital