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tunisia81 tunisia81
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2 years ago
Which of the following is a correct statement regarding analytical procedures?

▸ If an auditor identifies a possible misstatement in sales using analytical procedures, accounts payable will be the likely offsetting misstatement.

▸ Auditors should also compare the results of their analytical procedures to budgets and industry trends.

▸ If sales are overstated, the income statement will be incorrect, but the balance sheet will be correct.

▸ If an analytical procedure uncovers an unusual fluctuation, the auditor must assume fraud is involved.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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iammtziammtz
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2 years ago
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tunisia81 Author
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2 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
ethom947
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Yesterday
Thanks
gma_of_7
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2 hours ago
this is exactly what I needed
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