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Which Analytical Procedures Will Help an Auditor Identify Possible Misstatements

Question 7

Multiple Choice

Which analytical procedures will help an auditor identify possible misstatements in compilation,unit costs,or extensions that affect inventory and cost of goods sold?


A) comparing gross margin percentage with previous years
B) comparing unit costs of inventory with previous years
C) comparing inventory turnover with previous years
D) comparing extended inventory value with previous years

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