In the audit of inventory, what is the purpose of the analytical procedure that compares gross profit

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In the audit of inventory, what is the purpose of the analytical procedure that compares gross profit margin by month for the last two fiscal periods?

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Auditing An International Approach

ISBN: 978-0071051415

6th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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Question Posted: Jan 09, 2015 09:40 AM

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In the audit of inventory, what is the purpose of the analytical procedure that compares gross profit

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This analytical procedure provides substantive evidence about valuation By noting differences in g...View the full answer

Auditing An International Approach

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