7 Which of the following is not a reason why revenue is often audited by analytical procedures?...
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7 Which of the following is not a reason why revenue is often audited by analytical procedures?
(1) Availability of good, comparable evidence
(2) Statement of profit or loss and other comprehensive income is not as important as statement of financial position
(3) It is quicker than detailed substantive testing
(4) Revenue has logical relationships with other items in the financial statements
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Related Book For
ACCA Approved Study Text P7 Advanced Audit And Assurance
ISBN: 9781472744340
1st Edition
Authors: BPP
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