Material Items in Liabilities and EquityBecause liabilities and equity are material items on a companys balance sheet, auditors look at these areas very closely. You will demonstrate your understanding of audit tests over different aspects of liabilities and equity i n your response to this Assignment.The questions listed below are found in Chapters 14 and 15 of Principles of Auditing. Answer the questions and submit your work to the instructor as outlined below.Problems: 1437
Questions Requiring Analysis: 1530
Objective Questions: 1532
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