What is a good question an auditor should always ask in when deciding on a ratio to use? Is management aware of the increases in X liability account over the last five years? What should this liability balance relate to, and how has that relationship changed over time? Why is this liability never getting paid down? How much has this balance been increasing (decreasing) over the last five years?

Answer rating: 100% (QA)

A good question an auditor should always ask when deciding on a ratio to use is What specific financial or operational aspect does this ratio aim to a... View the full answer