Explain the audit steps for detecting the following issues. For each of your answers provide two...

Explain the audit steps for detecting the following issues. For each of your answers provide two possible steps you could utilize to identify the item. For each, discuss what the risk may exist, and why an investor would want assurance that an auditor has covered those risks.

(e) Unrecorded purchase of investment securities

(f) Unrecorded stock compensation expense

(g) Unrecorded covenant violations

(h) Unrecorded contingent liability

Expert Solution

I have explained (h) part .

ekkarill92 answered 1 month ago

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