Which of the following procedures is the least useful analytical procedure to indicate that further audit work needs to be performed before rendering the audit opinion?
a. Developing a common-size analysis.
b. Analyzing the dollar and percentage changes in each income statement item over the previous year.
c. Comparing current earnings per share with earnings per share of the client's primary competitor.
d. Developing a ratio analysis.
c
Business
You might also like to view...
Describe what is meant by adequate service, predicted service, and zone of tolerance
What will be an ideal response?
Business
Forecasts are usually classified by time horizon into which three categories?
A) short-range, medium-range, and long-range B) finance/accounting, marketing, and operations C) strategic, tactical, and operational D) exponential smoothing, regression, and time series E) departmental, organizational, and industrial
Business