Essay
Choose a local company or a well-known national company. Give specific examples of management assertions about presentation and disclosure (occurrence and rights and obligations, completeness, classification and understandability, accuracy and valuation).
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Q1: Choose a local company or a well-known
Q2: Identify and explain the three broad types
Q3: Describe the three reports an auditor issues
Q4: Describe the auditor's responsibility if an error
Q6: How will the auditor's work differ if
Q7: Define 'reasonable assurance' as it relates to
Q8: Describe the auditor's responsibility with regard to
Q9: What are the auditors' responsibilities for detecting
Q10: Describe management's responsibility for internal control.
Q11: Describe the responsibilities of management and auditors