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Auscultation should be carried out last except when examining
Physical Existence
The actual, tangible presence of an asset, as opposed to intangible assets or rights.
External Audit
An independent examination of financial records and statements, conducted by an outside firm, to ensure accuracy and compliance with accounting standards.
Financial Statements
Official documentation detailing the monetary transactions and financial standing of a company, person, or different organization.
Credibility
The quality of being trusted and believed in, important in financial reporting and accounting practices.
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