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Author Question: An example of an analytical procedure performed by the auditor includes an inventory pricing test ... (Read 50 times)

fungirl

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on: Aug 21, 2022

Question 1

Which of the following is not a weakness of using industry averages for auditing?
◦ The industry data are broad averages.
◦ Different companies follow different accounting methods.
◦ They can be helpful in identifying potential misstatements.
◦ All of these are weaknesses.

Question 2

An example of an analytical procedure performed by the auditor includes an inventory pricing test which may identify the need for special care while performing substantive audit procedures on the inventory account balance.
◦ true
◦ false
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by fungirl on Aug 21, 2022

Deonnak85

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Reply #1 on: Aug 21, 2022
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fungirl

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Reply 2 on: Aug 21, 2022
Wow, this really help

kalskdjl1212

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Reply 3 on: Yesterday
Gracias!

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