• Audit 2
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  • Give 3 assertions about classes of transactions and events
    Occurrence, completeness, accuracy, cut-off, classification
  • Audit objectives that relate to the determination of the validity of assertions on account balances or class of transactions or disclosures found in the financial statements
    Substantive audit objectives
  • Procedures that include inquiry of management and other personnel, preliminary analytical procedures, observation, and inspection
    Risk assessment procedures
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