In order to test the valuation assertion related to the client’s stockholders’ equity transactions, the auditor may complete which of the following substantive procedures?
The following questions concern auditor responsibilities related to the audit of the capital acquisition and repayment cycle. Choose the best response. a. An auditor is planning the test of details for a client’s debt transactions. In order to test the existence and occurrence assertion, the auditor would most likely perform which of the following tests? […]