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How can ratio analysis and industry comparisons help the auditor plan the audit? a. Both types of analyses may identify areas where the auditor needs
How can ratio analysis and industry comparisons help the auditor plan the audit? a. Both types of analyses may identify areas where the auditor needs to give special audit attention. b. This information helps the auditor determine the nature, timing, and extent of planned audit procedures. c. This analysis forces the auditor to understand the "bigger picture" of the operations of the client, and helps put into context other audit findings. d. All of these correctly describe how ratio analysis
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