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Heybonita Heybonita
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A year ago
Which one of the following substantive analytical procedures would be most useful in alerting the auditor to the possibility of obsolete inventory?

▸ Compare gross margin percentage with that of previous years.

▸ Compare unit costs of inventory with previous years.

▸ Compare inventory turnover ratio with previous years.

▸ Compare current year manufacturing costs with previous years.
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Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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TanjaGTanjaG
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A year ago
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