Multiple Choice
An indicator that the auditor might need to adopt extended audit procedures would be best evidenced by __________.
A) an unusual fluctuation in gross profit margin last year
B) net sales is increasing approximately 3% per year
C) a new competitor has entered the client's industry
D) the client's current ratio has decreased slightly
Correct Answer:
Verified
Correct Answer:
Verified
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Q54: Which of the following common profitability ratios
Q55: _ is a comparison of account balances
Q57: Which three of the following are risks
Q58: A comparison of account balances to a
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