Roll-Forward Procedures Are Performed

question 59

Multiple Choice

Roll-forward procedures are performed

• A) to update the audit findings from the time of the interim procedures through to year end.
• B) to detect fraud in various balance sheet accounts.
• C) before the end of the financial year.
• D) none of the above

Identify the classifications of inventory in a manufacturing company.

Understand the calculation and implication of cost of goods manufactured.

Differentiate between cost of goods manufactured and cost of goods sold.

Interpret manufacturing statements and financial reports related to manufacturing costs.

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