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  3. 3. you are part of audit team auditing financial s

3. You are part of audit team auditing financial statements of Oligopoly Ltd, which produces...

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Accounting

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3. You are part of audit team auditing financial statements of Oligopoly Ltd, which produces office supplies for organizations. Company had the following sales in 2018: Sales to individuals: 4000-5000 S Sales to corporate customers: 10,000-15,000S Company's operational expenses made up between 5-10% of total sales. The profit for the year in the draft statement of profit and loss is shown as 7,000S. Required: Using analytical procedures , perform a proof in total on the profit for the year

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