Multiple Choice
Which of the following procedures is the least useful analytical procedure to indicate that further audit work needs to be performed before rendering the audit opinion?
A) Developing a common-size analysis.
B) Analyzing the dollar and percentage changes in each income statement item over the previous year.
C) Comparing current earnings per share with earnings per share of the client's primary competitor.
D) Developing a ratio analysis.
Correct Answer:
Verified
Correct Answer:
Verified
Q21: When a subsequent event provides evidence about
Q22: Which of the following is not a
Q23: What should an auditor do when becoming
Q24: Which of the following procedures is not
Q25: The auditor is responsible for evaluating the
Q27: Subsequent events What are the two types
Q28: When the auditor becomes aware of an
Q29: If substantial doubt remains about going concern
Q30: Auditors should obtain a management representation letter
Q31: In the letter of audit inquiry concerning