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Devry ACCT 451 Week 6 Discussion 1

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Devry ACCT 451 Week 6 Discussion 1

 

Discuss how REA diagrams might be useful to auditors in understanding a client’s business processes. What if the client hasn’t prepared them in advance? What basic steps would the auditor perform to compile the information necessary to build the diagram himself or herself? Does that time investment produce large enough benefits to the auditor? Explain your answer.

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