A Common Comparison Occurs When the Auditor Calculates the Expected

question 80

Multiple Choice

A common comparison occurs when the auditor calculates the expected balance and compares it with the actual balance.The auditor's expected account balance may be determined by

• A)using industry standards.
• B)using credit bureau reports.
• C)relating it to some other balance sheet or income statement account or accounts.
• D)inquiring with the client.