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Asset impairment
Describe what asset impairment is,why the auditor is concerned about it,and how it is dealt with by the auditor.
Voucher System
A control process in accounting where vouchers are used to authorize and record transactions before payments are made.
Internal Control
Processes and procedures implemented by a company to safeguard assets, enhance the reliability of financial reports, and ensure compliance with laws and regulations.
Information
Data that is processed, organized, structured, or presented in a given context to make it meaningful and useful.
Voucher
A written document that serves as evidence of a transaction and authorizes payment.
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