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This document describes the audit procedures for examining the revenues, costs, and expenses of an entity. 1) It explains that revenues are increases in assets while costs and expenses are decreases, and lists the objectives of the examination. 2) It details the audit procedures for reviewing sales, sales deductions, costs, and expenses. 3) It describes the evaluation of internal control, which involves examining the effectiveness of the internal control system to determine the scope of other tests.

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