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Number of obsolete units this period compared to last.
Salaries of marketing personnel as a percent of total inventory.
59. Which one of the following accounts would an auditor most likely
test by performing analytical procedures? (Points: 4)
Sales commissions expense.
Legal expenses.
Repairs and maintenance expense.
Travel expense.
60. Operational audits of cash management seek to identify areas in
which cash management may be improved to contribute to the overall
profitability and effectiveness of the organization. The internal auditor
would use which of the following procedures on an operational audit
of cash? (Points: 4)
determine the compliance of treasury activities with company
policy
review procedures for identifying and investing excess funds
review procedures for handling cash receipts
all of the above