AC 410 help A Guide to career/Snaptutorial AC 410 help A Guide to career/Snaptutorial | Page 12

Assuming that the operating effectiveness of each of the above
procedures is found to be inadequate, describe how the auditors might
alter their substantive procedures to compensate for the increased
level of risks of material misstatements.
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AC 410 Unit 7 Homework Assignment
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Questions Requiring Analysis 14-30
Early in your first audit of Star Corporation, you notice that sales and
year-end inventory are almost unchanged from the prior year.
However, cost of goods sold is less than in the preceding year, and