You are the auditor for KPDZ Corporation. You gathered comparative information for inventory and accounts payable and

Question:

You are the auditor for KPDZ Corporation. You gathered comparative information for inventory and accounts payable and calculated the days purchases in accounts payable.

Required:
Prepare a list of possible concerns that you might have about potential misstatements in bothaccounts.

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Auditing and Assurance Services A Systematic Approach

ISBN: 978-1259162343

9th edition

Authors: William Messier, Steven Glover, Douglas Prawitt

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Question Posted: Sep 22, 2014 09:23 AM

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You are the auditor for KPDZ Corporation. You gathered comparative information for inventory and accounts payable and

Question:

2012 2013 Inventory Accounts payable Days purchases in accounts payable $34,270 $ 8,295 44.2 days 57,921 $10,628 44.6 days (365 days/payables turnover)

Step by Step Answer:

This is a relatively straightforward analytical procedures problem Here are some ...View the full answer

Auditing and Assurance Services A Systematic Approach

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