Multiple Choice
An auditor compared the current-year gross margin with the prior-year gross margin to determine if cost of sales is reasonable. What type of audit procedure was performed?
A) Test of transactions.
B) Analytical procedures.
C) Test of controls.
D) Test of details.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: In performing analytical procedures,the auditors may use
Q25: A schedule set up to combine similar
Q37: Analytical procedures are substantive procedures that may
Q43: The auditors should propose an adjusting journal
Q66: In evaluating an entity's accounting estimates,one of
Q67: A schedule listing account balances for the
Q77: Although the quantity, type, and content of
Q78: The inspection of a vendor's invoice by
Q81: A CPA wishes to use a representation
Q82: Based on the previous information,which of the