Why Should Auditors Be Particularly Concerned with "Miscellaneous," "Other," and "Clearing

question 1

Multiple Choice

Why should auditors be particularly concerned with "miscellaneous," "other," and "clearing" accounts classified as revenues or expenses?

• A)These accounts are likely to relate to going-concern matters.
• B)These accounts are often more difficult to audit using normal substantive procedures.
• C)These accounts may represent attempts of earnings management.
• D)These accounts are likely to require the assistance of a specialist.

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