Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN: 9781337619455
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: Cengage Learning
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Chapter 12, Problem 3RQSC

Identify the five management assertions and describe how they are relevant to long-lived assets.

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Distinguish between current assets and non-current assets, giving TWO examples of each type of asset.
Discuss the rationale of using total assets as a basic in determining materiality.
What are the various current assets? Name them.

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Auditing: A Risk Based-Approach (MindTap Course List)

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