Q:

An auditor compares the current-year revenues and expenses with those of the prior year and investigates all changes exceeding 5 percent. By this procedure, the auditor would be most likely to learn that :

Ibrahimhamm
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2022-07-01
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An auditor compares the current-year revenues and expenses with those of the prior year and investigates all changes exceeding 5 percent. By this procedure, the auditor would be most likely to learn that :

  1. Fourth-quarter payroll taxes in the current year were not paid.
  2. The entity changed its capitalization policy for small tools in the current year.
  3. A current-year increase in property tax rates has not been recognized in the entity\'s accrual.
  4. The current-year provision for uncollectible accounts is inadequate because of worsening economic conditions.
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