Which Analytical Procedures Will Help an Auditor Identify Possible Misstatements

question 7

Multiple Choice

Which analytical procedures will help an auditor identify possible misstatements in compilation,unit costs,or extensions that affect inventory and cost of goods sold?

• A)comparing gross margin percentage with previous years
• B)comparing unit costs of inventory with previous years
• C)comparing inventory turnover with previous years
• D)comparing extended inventory value with previous years