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  3. a. what activities comprise the production cycle,

a. What activities comprise the production cycle, and what are the documents auditors can consult...

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Question

Accounting

a. What activities comprise the production cycle, and what are the documents auditors can consult to do the testing?

b. What are the key accounts in this cycle, and what are the relevant assertions for each account?

c. What kinds of things can go wrong in the production cycle?

d. What do firms do to mitigate the risk of misstatements in this cycle?

e. How can an auditor test the controls in this cycle?

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