1) To best test existence, an auditor would sample from the:
A.General ledger to source documents.(explain why this is the answer)

2)Which of the following would indicate the need to use positive accounts receivable confirmation requests?

D) A large number of accounts receivable are in dispute.(explain why this is the answer)

3)An auditor is performing an analytical procedure that involves comparing a client's ratios with other companies in the same industry. This technique is referred to as:

C. Cross-sectional analysis.(explain why this is the answer)

 

 

Answer rating: 100% (QA)

Answers 1 Auditor usuallly starts their sampling from General ledger because they can see the detailed transactions of income and expenses through GL ... View the full answer