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Author Question: When performing planning analytical procedures for a client the auditor detected that the gross ... (Read 18 times)

JimmyJoe

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on: Aug 21, 2022

Question 1

Transactions with related parties must be disclosed in the financial statements if they are deemed to be material.
◦ true
◦ false

Question 2

When performing planning analytical procedures for a client the auditor detected that the gross profit percentage had declined by 50% from the previous year to the year currently under audit. The auditor should
◦ investigate the possibility the client may have made an error in their cost of goods sold computation.
◦ assist management in developing greater cost efficiencies in their product line.
◦ prepare a going concern opinion for the client.
◦ advise the client to have extensive disclosure to alleviate investor concerns.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by JimmyJoe on Aug 21, 2022

Spike8502

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Reply #1 on: Aug 21, 2022
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.
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JimmyJoe

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Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it

softEldritch

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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