Question
Case 1 Case 2 Case 3 Case 4 Case 5 Case 6 Case 7 Case 8 IR 25% 40% 60% 70% 70% 70% 95% 60%
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| Case 1 | Case 2 | Case 3 | Case 4 | Case 5 | Case 6 | Case 7 | Case 8 |
| IR | 25% | 40% | 60% | 70% | 70% | 70% | 95% | 60% |
| CR | 50% | 50% | 60% | 100% | 50% | 70% | 40% | 50% |
| AR | 3% | 4% | 5% | 5% | 2% | 1% | 3% | 1% |
| DR |
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Help with an Audit Risk
Using your excel template, calculate DR.
- Which case will require the most audit work?
- Which case will require the least audit work?
- Using Case 1 as an example. If AR is changed to 4 % will the amount of audit work performed INCREASE or DECREASE?
- *Please help with this practice for my class and exam* I will be grateful
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Advanced Financial Accounting
Authors: Theodore Christensen, David Cottrell, Cassy Budd
12th Edition
1260165116, 9781260165111
