Auditors review the financial statements to determine whether the information reported has been collected, summarized, and reported

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Auditors review the financial statements to determine whether the information reported has been collected, summarized, and reported according to generally accepted accounting principles. Although auditors are not expected to identify fraud, they do perform tests to see if there are any apparent abnormalities. If an auditor wanted to ensure that a company's sales revenues were not overstated, how might the auditor use ratio analysis to detect a possible overstatement? Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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