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4.6 Explain using examples how you could use analytical IT assignment代寫 procedures in assessing the risk of misstatement of sales revenue.

Analytical procedures that could be useful to assess the risk of misstatement of sales revenue include:
Comparisons between this year’s sales (interim or final data) and previous years (for the same months)
year by year comparison IT assignment代寫
Trend analysis (across time periods)
Common size statements and analysis (sales to every other item in the accounts)
Comparison between this year’s actual sales and budgeted sales
Comparison between sales for this client and industry averages or peers
Calculation of gross margins for this year and comparison with other periods and entities (year by year, trend analysis, common size analysis)
Consideration of sales and margins by product line, region, store (and comparison with other periods and entities)
<标题> Comparison of sales commissions and revenues and margins, by entity, region and sales person

IT assignment代寫
4.7 What are some possible explanations of a change in the gross profit margin? How could the auditor investigate which of these explanations is the most likely cause of the change in the ratio?

A gross profit margin is the gross profit divided by net sales. Fully understanding this margin, and the reasons for any change, requires an understanding of the components of the margin.
Gross profit = sales – cost of goods sold.
If the gross profit margin increases, profit as a proportion of sales increases, which means that cost of goods sold as a proportion of sales decreases.
Cost of goods sold = opening inventory plus net purchases minus web design closing inventory. This means that any change in cost of goods sold could be due to changes in opening inventory, net purchases (i.e. purchases less purchases returns), or closing inventory. Opening inventory can be verified by comparing with closing inventory in the previous period. Net purchases can be verified through detailed testing of transactions. Closing inventory can be verified through stocktake testing procedures.

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