An abnormal fluctuation in gross profit that might suggest the need for extended audit procedures for sales
Question:
An abnormal fluctuation in gross profit that might suggest the need for extended audit procedures for sales and inventories would most likely be identified in the planning phase of the audit by the use of
a. Tests of transactions and balances.
b. Flowcharts of the accounting system.
c. Specialized audit programs.
d. Analytical procedures.
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Step by Step Answer:
The most appropriate answer would be d Analytical procedures A...View the full answer
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Related Book For 
Auditing Integrated Concepts And Procedures
ISBN: 9781260299397
5th Edition
Authors: Donald H. Taylor, G. William Glezen
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