Question: Comparing the current - year gross margin with the prior - year gross margin to determine if cost of sales is reasonable during an audit

Comparing the current-year gross margin with the prior-year gross margin to determine if cost of sales is reasonable during an
audit would be a type of:
D) Analytical procedure.
C) Test of transactions.
B) Test of details.
A) Test of controls.Comparing the current-year gross margin with the prior-year gross margin to determine if cost of sales is reasonable during an
audit would be a type of:
D) Analytical procedure.
C) Test of transactions.
B) Test of details.
A) Test of controls.Comparing the current-year gross margin with the prior-year gross margin to determine if cost of sales is reasonable during an
audit would be a type of:
D) Analytical procedure.
C) Test of transactions.
B) Test of details.
A) Test of controls.
 Comparing the current-year gross margin with the prior-year gross margin to

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!