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  2. Topic
    Business
  3. Study Set
    Auditing and Assurance Services
  4. Exam
    Exam 7: Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts, Audit of the Payroll and Personnel Cycle, Audit of the Inventory and Warehousing Cycle
  5. Question
    Why Does the Auditor Not Normally Test the Accuracy or Classification
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Why Does the Auditor Not Normally Test the Accuracy or Classification

Question 36

Question 36

Essay

Why does the auditor not normally test the accuracy or classification of fixed assets recorded in prior periods?

Correct Answer:

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They are presumed to...

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