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NUMBER 3 (10 pts.) Most of an auditors work in forming an opinion on financial...

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Accounting

NUMBER 3 (10 pts.)

Most of an auditors work in forming an opinion on financial statements consists of

obtaining and evaluating evidential matter concerning the financial statement

assertions.

Required:

a. What is the definition of financial statement assertion? Do not list the assertions.

b. What is the relationship between audit objectives and financial statement

assertions?

c. What should an auditor consider in developing the audit objectives of a

particular engagement?

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