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  3. the auditor should have the ability to trace the t

The auditor should have the ability to trace the transactions as recorded in the system...

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Accounting

  1. The auditor should have the ability to trace the transactions as recorded in the system from the initial stages to the preparation of financial statements. It is the means by which the individual transaction can be traced sequentially through the system from the source to the completion and its loss will mean that the normal audit technique to be carried will break down.

Required: What are the factors that contribute to the above situation and how will it be resolved by auditors

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