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Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206 Exercise 12
Which of the following comparisons would be most useful to an auditor in evaluating the overall financial results of an entity's operations?
A) Prior-year accounts payable to current-year accounts payable.
B) Prior-year payroll expense to budgeted current-year payroll expense.
C) Current-year revenue to budgeted current-year revenue.
D) Current-year warranty expense to current-year contingent liabilities.
A) Prior-year accounts payable to current-year accounts payable.
B) Prior-year payroll expense to budgeted current-year payroll expense.
C) Current-year revenue to budgeted current-year revenue.
D) Current-year warranty expense to current-year contingent liabilities.
Explanation
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Verified
Justification:
When the audit...
Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
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