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Which of the following procedures is the least useful analytical procedure to indicate that further audit work needs to be performed before rendering the audit
Which of the following procedures is theleastuseful analytical procedure to indicate that further audit work needs to be performed before rendering the audit opinion?
a.Comparing current earnings per share with earnings per share of the client's primary competitor.
b.Developing a common-size analysis.
c.Developing a ratio analysis.
d.Analyzing the dollar and percentage changes in each income statement item over the previous year.
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