Explain why an unexpected change in the gross profit ratio leads the auditor to suspect a wide

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Explain why an unexpected change in the gross profit ratio leads the auditor to suspect a wide range of possible misstatements in recorded transactions and balances.

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Auditing A Practical Approach

ISBN: 978-1119566007

3rd Canadian edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren

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Question Posted: Jun 20, 2019 07:21 AM

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Explain why an unexpected change in the gross profit ratio leads the auditor to suspect a wide

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An adverse change could indicate rising costs and the poss...View the full answer

Auditing A Practical Approach

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