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Auditor performs analytical work only at the end of the audit.
Ans: I disagree with the statement because:
i) Analytical work/procedures are used to obtain an understanding of the entity and its environment;
ii) It can be used as substantive procedure in reducing the risk of material misstatement at the assertion level to an acceptably low level;
iii) And in the end as an overall review of the financial statements at the end of the audit.
An internal audit is one which is conduct by the internal auditors of the company. It is not mandatory for the company and the company just conducts it to keep a check on the opera
Types of audits As far we have tended to think in state of the audit of limited companies, and certainly, the emphasis during this text will be on that companies incorporated
please verify txns
Examine consignment agreement s and contracts
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