Management Audit Question Paper June 2015. Assess the quality of the firms financial statements. With respect to profitability, there are two broad questions to be asked: how profitable are
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They include things like pollution, things that society will likely have to pay for in some way or at some time in the future, but that are not included in transaction prices.It is the amount denoted on invoices as the price and recorded in bookkeeping records as an expense or asset cost basis.