Audit of the Capital Acquisition and Repayment Cycle
Characteristics of the Capital
Acquisition and Repayment Cycle
Few transactions affect the accountbalances, but each one is oftenhighly material in amount.
The exclusion of a single transactioncould be material in itself.
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Characteristics of the Capital
Acquisition and Repayment Cycle
There is a legal relationship between theclient entity and the holder of the stock,bond, or similar ownership document.
There is a direct relationship betwe ...