Design a substantive audit plan to test the existence

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Reference no: EM13683398

Auditing:

You have been promoted to an audit senior at the public accounting firm you work for and are helping to train some of the new staff auditors. One of them asks you to explain the difference between tests of controls and substantive audit tests. They also mention that they are confused about the control testing requirements under PCAOB and GAAS standards. Design a substantive audit plan to test the existence assertion for cash. Again, be specific in your answer

Reference no: EM13683398

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