Which of the following would be considered an analytical procedure? a. Testing purchasing, shipping, and receiving cutoff
Question:
Which of the following would be considered an analytical procedure?
a. Testing purchasing, shipping, and receiving cutoff activities.
b. Comparing inventory balances to recent sales activities.
c. Projecting the deviation rate of a statistical sample to the population.
d. Reconciling physical counts to perpetual records and general ledger balances.
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a Incorrect The testing of cutoff activities is an example of a substantive test of details ...View the full answer
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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