CANCEL SUPPORTING DOCUMENTS Definition

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CANCEL SUPPORTING DOCUMENTS is to mark supporting documents as having been used to support a transaction so the same documents can't be used to support another transaction. An example is stamping vouchers "paid.”

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DISCLAIMER is a statement that the auditor is unable to express an opinion as to the presentation of financial statements in conformity with U.S. GAAP.

INCOME TAXES PAYABLE is income taxes due including current portion of deferred taxes.

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