Ratios and Other Analytical Procedures Need to Be Recalculated Manually

question 32

True/False

Ratios and other analytical procedures need to be recalculated manually by the auditor each time an adjusting entry is made to the client's statements.

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Definitions:

Static

Relating to or characterized by a fixed or unchanging condition, lacking movement, action, or change.

Communication Process

The series of steps through which information is transmitted and received between senders and receivers, including encoding, media selection, decoding, and feedback.

Encoding

The process of translating an idea or thought into a message consisting of verbal, written, or nonverbal symbols (such as gestures), or some combination of them.

Communicates

The act of conveying information or expressing feelings and ideas through verbal, non-verbal, written, or digital means.