Author Question: Which of the following discoveries through the use of analytical procedures would most likely ... (Read 156 times)

lauraleepop · **on:** Aug 21, 2022

Question 1

When the auditor uses tracing as an audit procedure for tests of transactions, he or she is primarily concerned with which audit objective?
◦ occurrence
◦ completeness
◦ cutoff
◦ classification

Question 2

Which of the following discoveries through the use of analytical procedures would most likely indicate a relatively high risk of financial failure?
◦ a decline in gross margin percentages
◦ an increase in the balance in fixed assets
◦ an increase in the ratio of allowance for uncollectible accounts to gross accounts receivable, while at the same time accounts receivable turnover also decreased
◦ a higher than normal ratio of long-term debt to net worth as well as a lower than average ratio of profits to total assets

Mynameisrandom · **Reply #1 on:** Aug 21, 2022

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 39% of students answer this correctly