Blue Ltd is in the computer sales business. Blues auditor has conducted an analysis of the unaudited
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Blue Ltd is in the computer sales business. Blue’s auditor has conducted an analysis of the unaudited figures in preparation for setting the audit strategy. The calculations reveal that inventories turnover is lower this year than last, even more than the auditor expected given the additional competition in Blue’s main markets.
Required
Explain how the turnover ratio analysis would affect the audit strategy for Blue.
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Related Book For
Auditing A Practical Approach
ISBN: 9780730364573
3rd Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
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