Does anyone know of a good breakdown/or how to look at these so they make some sense. I can't seem to get my head wrapped around these. Anyone know of a good chart maybe? Becker is not helping me much on this area.
1. Examine documents for evidence of a credit check (valuation)
2. Re-perform procedures for a sample period (completeness)
3. Observe evidence of independent checks (existence)
So for example my issue is #1 doesn't look any different to me than #3. How do you look at these and be able to categorize them correctly?
Thanks!