Jacqueline Martineau was told by her audit senior to ensure that the evidence she provided through analytical procedures was both persuasive and corroborative. Which of the following evidences are persuasive?
A) When reviewing accruals for commissions, refer to terms of agreements and payment dates.
B) When reviewing trade receivables or sales, review the volatility of the customer base and compare with expectations.
C) When reviewing sales and commissions expense, compare sales commissions or bonuses with related sales.
D) When reviewing payroll expense, compare payroll tax expenses to the annual payroll times the statutory tax rates.
Correct Answer:
Verified
Q37: Typically, substantive testing tends to be performed
A)
Q38: Inherent risk is
A) assessed as high when
Q39: Stella Zhang has been performing analytical procedures
Q40: Which of the following factors should not
Q41: Comparing sales commissions or bonuses with related
Q43: Analytical procedures may not be used
A) as
Q44: Which of the following is not an
Q45: Which of following procedures provides an example
Q46: Which of the following is the first
Q47: An example of an analytical procedure which
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