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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Importance of audit planning
What does CARPETS-D stand for in audit planning?
Sorry – never seen/heard of it and couldn’t find it browsing on the internet.
It comes quite close to some, but not all, of the financial statement assertions:
Completeness (or Classification?)
Accuracy (Valuation and Allocation?)
Rights (and Obligations)
Presentation
Existence
?
?
Disclosure
