Explain how ratio analysis and industry comparisons can be useful to the auditor in identifying potential risk

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Explain how ratio analysis and industry comparisons can be useful to the auditor in identifying potential risk of material misstatement on an audit engagement. How can such analysis also help the auditor plan the audit?

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Auditing a risk based approach to conducting a quality audit

ISBN: 978-1133939153

9th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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Question Posted: Sep 22, 2014 08:22 AM

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Explain how ratio analysis and industry comparisons can be useful to the auditor in identifying potential risk

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Auditing a risk based approach to conducting a quality audit

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