When the auditor has completed the tests of details of balances and enters phase IV of the audit process, she must still perform audit procedures for which of the following?
A) contingent liabilities and employee compensation
B) contingent liabilities and subsequent events
C) subsequent events and contractual commitments
D) subsequent events and unrecorded liabilities
B
Business
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Dragalong income refers to additional income whereas cannibalized income refers to reduced income
Indicate whether the statement is true or false
Business
In your tables of contents, you should make division titles ________________
a. as short as possible b. as specific as possible c. alphabetical d. boldface
Business