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    Auditing and Assurance Services Study Set 2
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    Exam 16: Completing the Tests in the Sales and Collection Cycle: Accounts Receivable
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    Cutoff Misstatements Can Occur for Sales, Sales Returns, and Cash
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Cutoff Misstatements Can Occur for Sales, Sales Returns, and Cash

Question 77

Question 77

Essay

Cutoff misstatements can occur for sales, sales returns, and cash receipts. List below the threefold approach an auditor performs for each account above to determine the reasonableness of the cutoff.

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