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ticktrader ticktrader
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A year ago
Which of the following is accurate regarding the comparison of client data?

▸ Since budgets are only projections, auditors can ignore the differences between budgeted and actual results.

▸ One approach to overcome the limitations of industry averages is to compare the client to one or more benchmark firms in the industry.

▸ It is impractical to relate one account balance to another balance sheet or income statement account.

▸ It is extremely difficult to get industry data for comparative purposes.
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Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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desai.sumeet1desai.sumeet1
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A year ago
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