Author Question: Calculating the gross margin for the current audit year as a percent of sales and comparing it with ... (Read 68 times)

billyboy7272 · **on:** Aug 21, 2022

Question 1

Auditors may decide to replace tests of details with analytical procedures when possible because the
◦ analytical procedures are more reliable.
◦ analytical procedures are considerably less expensive.
◦ analytical procedures are more persuasive.
◦ tests of details are more difficult to interpret.

Question 2

Calculating the gross margin for the current audit year as a percent of sales and comparing it with previous years is what type of evidence?
◦ physical examination
◦ analytical procedures
◦ observation
◦ inquiry

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

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