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Q. What is ordinarily the first step in the formation of a corporation?a. Development of by-laws for the corporationb. Issuance of the corporate charterc. Application for incorporation to the appropriate Secretary of Stated. Registration with the SEC
what is the impact of judgemental sampling on the quality of a financial report
A. Board of Directors Best Buy's Board is elected by the shareholders to oversee the business and affairs of the company. The board counsels, advises and oversees management wi
an example of evidence that an auditor would use by illustrating the audit trail of stock purchases
techniques of vouching
How do internal auditors add to the credibility of financial statements?
Action if Management Refuses to Provide Representations If management refuses to provide a representation that the auditor considers essential, this constitutes a scope restric
Techniques of obtaining evidence ISA 500 mentions them as: (a) Inspection of records or documents, (b) Inspection of tangible assets, (c) Observation, (d) Inquiry, (e) C
types of edp accounting system
Disclosure and Presentation - Audit Process IAS 16 provides exclusive disclosure requirements. Fixed assets should be split into appropriate classes and the following shoul
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