Multiple Choice
Which of the following would not be considered an analytical procedure?
A) comparing payroll costs with the number of employees.
B) comparing actual sales to budgeted sales
C) comparing financial ratio results with industry averages.
D) comparing source dockets with journal entries.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: The main purpose of the audit engagement
Q8: How long does the Corporations Act require
Q9: Which of these would be considered a
Q10: To adequately plan an audit, the auditor
Q11: Name five items that should be included
Q13: When assessing the industry conditions of a
Q14: In the investigation of a potential new
Q15: In accepting an engagement, an auditor takes
Q16: In assessing independence, an audit firm may
Q17: The initial phase of a financial statement