Accounting Newsletter


June 14 2010 Accounting Newsletter

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Risk Assessment and unusual transactions
Identifying unusual transactions is an important responsibility auditors face. The PCAOB issued Staff Audit Practice Alert No. 5,AUDITOR CONSIDERATIONS REGARDING SIGNIFICANT UNUSUAL TRANSACTIONS. Knowing the categories of unusual transactions and what goes with each is the first step.

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Consuelo Herrera, CAMS, CFE, Accounting Editor

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