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Find equity interests in financial statements at amount

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Reference no: EM132725614

Problem 1: Assertion about account balances at period end which means assets, liabilities, and Equity interests are included in the financial statements at appropriate amounts is

a. Existence

b. Completeness

c. Rights and obligations

d. Valuation and allocation

Problem 2: An auditor's working papers will ordinarily be least likely to include documentation showing how the

a. Client's schedules were prepared

b. Engagement was planned

c. Understanding od the client's internal control was obtained and control risk was assessed

d. Unusual matters were resolved

Reference no: EM132725614

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