Question
.Auditors sometimes use ratios as audit evidence. For example an unexplained INCREASE in the ratio of gross profit to sales may suggest which of the
.Auditors sometimes use ratios as audit evidence. For example
an unexplained INCREASE in the ratio of gross profit
to sales may suggest which of the following possibilities?
a.Fictitious purchases.
b.Unrecorded purchases.
c. Unrecorded sales.
d.Selling expense recorded as general expense.
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Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
