AC 410 Unit 3 Homework Assignment NEW

1
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Homework Assignment 5-36 Comment on the
reliability of each of the following examples of
audit evidence. Arrange your answer in the form
of a separate paragraph for each item. Explain
fully the reasoning employed in judging the
reliability of each item. 5- 49 Audit risk should
be considered when planning and performing an
audit of financial statements in accordance with
generally accepted auditing standards. 6- 25
2
Mary Deming has been asked to accept an
engagement to audit a small financial
institution. Deming has not previously audited a
financial institution. 6-26 Assume that you have
been assigned to the audit of Lockyer
Manufacturing Company. You have completed the
procedures for gathering information about the
company and its environment, including
internal control.
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