Which of the following approaches can be used to introduce unpredictability into the audit?
a. Assessing high risk accounts.
b. Performing procedures on an unannounced basis.
c. Performing the audit in the same location each year.
d. Selecting items that would normally be tested.
b
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A plant's manufacturing process has a takt time of 72 seconds per unit. This results in a process output of how many units per hour?
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Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 trend percentages for cost of goods sold using 2016 as the base.
A) 36.4% for 2017 and 41.1% for 2016.
B) 55.0% for 2017 and 56.0% for 2016.
C) 119.4% for 2017 and 100.0% for 2016.
D) 117.2% for 2017 and 100.0% for 2016.
E) 65.1% for 2017 and 64.6% for 2016.