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Proper Audit Documentation Audit Documentation Serves as the Primary Support

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Essay

Proper audit documentation Audit documentation serves as the primary support of an audit.Give at least six examples of the components of proper working paper documentation.


Definitions:

Natural Progression

The gradual and inherent development or sequence of events that naturally unfolds over time.

Operating Business

An enterprise that is actively engaged in conducting commercial, industrial, or professional activity as its primary function.

Total Liabilities

The cumulative amount of debts or obligations a company owes to external parties, which can include loans, accounts payable, and bonds payable.

Total Assets

The sum of all assets owned by an individual or organization, including both current and non-current assets.

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