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Select the appropriate terms from the list provided to the following scenarios the best represent...

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Accounting

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Select the appropriate terms from the list provided to the following scenarios the best represent each term. Hint - Each term can only be used once. 1. 2. Frank Ungar is trying to ensure that he can review controls over purchasing transactions. In addition he would like to substantiate the dollar amounts he is reviewing. What type of procedures can he perform that will provide evidence as to whether a control is effective as well as if an item is being recorded properly? Jace Jackson has performed a test of controls of a flower shop. He is trying to determine the timing of substantive procedures at year-end. Which factor will determine the timing of his audit procedures? Aaron Barnard is trying to determine the extent of testing his team will have to perform in order to determine whether controls are working. How will he decide how much testing to perform? 3. Analytical procedures Computer assisted auditing techniques Detection risk Dual purpose tests Inherent risk Professional judgement Test of details Timing of year end work

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