Develop TWO audit procedures to gather sufficient and appropriate testing for Operating expenses, Accounts Receivables, Inventory, Cost of Goods Sold, Dividends, Cash and Cash Equivalents, Other Income and Retained Earnings. Explain the objective of each procedure: What risk or issue are you trying to address with the procedure?
Develop TWO audit procedures to gather sufficient and appropriate testing for Operating expenses, Accounts Receivables, Inventory, Cost of Goods Sold, Dividends, Cash and Cash Equivalents, Other Income and Retained Earnings. Explain the objective of each procedure: What risk or issue are you trying to address with the procedure?
Chapter2: Audits Of High-risk Accounts
Section2.7: Bankrate, Inc.
Problem 4Q
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
Transcribed Image Text:Develop TWO audit procedures to gather sufficient
and appropriate testing for Operating expenses,
Accounts Receivables, Inventory, Cost of Goods Sold,
Dividends, Cash and Cash Equivalents, Other Income
and Retained Earnings.
Explain the objective of each procedure: What risk or
issue are you trying to address with the procedure?
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