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Auditing standards and audit procedures

REQUIRED TO DO:

(PROBLEM 1). Discussed the major assertions that can be made in financial statements and auditors' objectives, and some key questions related to each.

(PROBLEM 2). Discussed why auditors should act as though there is always a potential conflict of interest between the auditor and the management of the enterprise under audit.

(PROBLEM 3). Explained the difference between auditing standards and audit procedures.

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Finance Basics: Auditing standards and audit procedures

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