Question

The following information shows the past two periods of results for a fictional company, Jones Manufacturing, and a comparison with industry data for the same period:
ANALYTICAL DATA FOR JONES MANUFACTURING

a. From the preceding data, identify potential risk areas and explain why they represent potential risk. Briefly indicate how the risk analysis should affect the planning of the audit engagement.
b. Identify any of the above data that should cause the auditor to increase the level of professionalskepticism.


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  • CreatedSeptember 22, 2014
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