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I am having a great confusion when drafting “procedures to be performed” for a particular requirement. I can easily identify the relevant accounting standard but then usually get confused that how a procedure would be drafted and what should be considered when inquiring, inspecting, recalculating!
“I can easily identify the relevant accounting standard …” Do you mean auditing standard?
In my immediate previous post I answered a student by pointing him in the direction of the answers in any revision kit – the suggested solution will give you great guidance of the sort of matter you should address and the format in which Lisa is expecting your answer.
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