6-11 LO 3 Explain how the auditor could use substantive analytical procedures in testing the...
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Accounting
LO Explain how the auditor could use substantive analytical procedures in testing the following accounts: Interest expense related to bonds outstanding Natural gas expense for a public utility company Supplies expense for a factory Cost of goods sold for a fastfood franchisor eg Wendys or McDonalds; note that cost of goods sold tends to average about of sales in fastfood franchises Salary expense for an office region of a professional services firm
LO Explain how the auditor could use substantive analytical procedures in testing the following accounts:
Interest expense related to bonds outstanding
Natural gas expense for a public utility company
Supplies expense for a factory
Cost of goods sold for a fastfood franchisor eg Wendys or McDonalds; note that cost of goods sold tends to average about of sales in fastfood franchises
Salary expense for an office region of a professional services firm
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