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About Block 1 Lecture 2 Support File KASHIF KAMRAN-FCCA (Whatsapp +923332383442)
The document discusses several topics related to an auditor's responsibilities: 1. It discusses the components of professional skepticism including due care, a questioning mindset, and critical assessment of evidence. 2. It outlines risky areas for fraud in financial statements such as overstated assets, understated liabilities, and overstated income. It provides an example of how sales, inventory, and receivables could be overstated due to economic conditions. 3. It discusses an auditor's responsibility for laws and regulations, including understanding those with direct and indirect effects on financial statements and appropriate actions when non-compliance is identified.
Detailed Information
| Author: | ['jameel khan'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 8 |
| Language: | English |
| Format: | |
| Price: | FREE |
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