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Audit of the Acquisition and Payment Cycle Chapter 18 ©2003 Prentice Hall Business Publishing, Auditing and Assurance Services 9/e, Arens/Elder/Beasley 18 - 1 Learning Objective…

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Chapter 1 1. Operational audits generally have been conducted by internal auditors and governmental audit agencies, but may be performed by certified public accountants.…

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GRACE CORPORATION Summary of Interest Expense December 31, 2011 Audit Objective: > To determine whether all transactions relative to accounts payable and interest expense…