When comparing an initial audit with a subsequent year audit for a particular client, the scope of audit procedures for which of the following accounts would be expected to decrease the most?

A. Accounts receivable.
B. Marketable securities.
C. Cash.
D. Property, plant, and equipment.


Answer: D

Business

You might also like to view...

The four supply chain dimensions of customer service include ______.

A. reliability, communication, time, and convenience B. time, comfort, convenience, and effort C. reliability, affordability, time, and delivery D. time, service, effort, and delivery

Business

Value creation during the transactional sale is considerable

Indicate whether the statement is true or false

Business

A company had net sales of $600,000, total sales of $750,000, and an average accounts receivable of $75,000. Its accounts receivable turnover equals:

A. 10.00 B. 8.00 C. 7.75 D. 0.13 E. 0.80

Business

A committed fixed cost can be changed relatively easily at management discretion

Indicate whether the statement is true or false

Business