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