Donna sees a large variation in the gross margin percentage as a result of analytical procedures she performed.This means that
A) Donna should perform more tests.
B) the financial statements contain an error.
C) Donna cannot rely on the company's internal controls.
D) Donna should document this difference.
Correct Answer:
Verified
Q51: The auditor is deciding upon audit procedures
Q52: When considering the relationships between types of
Q53: Materiality is used to help decide the
Q54: When considering the relationships between types of
Q55: A substantive procedure is used to
A)assess the
Q57: The auditor has decided that there is
Q58: A)There are seven types of audit evidence:
Q59: A PA is conducting the audit of
Q60: Which of the following audit tests is
Q61: Key controls are controls
A)over physical risks.
B)over significant
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