Multiple Choice
Below are 12 audit procedures. Classify each procedure according to the following types of audit evidence:
-Calculate the ratio of cost of goods sold to sales as a test of overall reasonableness of gross margin relative to the preceding year.
A) physical examination
B) observation
C) confirmation
D) inspection
E) analytical procedures
F) inquiry of the client
G) recalculation
H) reperformance
Correct Answer:

Verified
Correct Answer:
Verified
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