The use of common-size percentages is a useful analytical tool in the final review stages of the audit.

Name: The use of common-size percentages is a useful analytical tool in the final review stages of the audit.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Common-size percentages help to analyze the financial statements and highlight any abnormalities or inconsistencies in the data. It is a useful tool for auditors to use during the final review stage in order to catch any potential errors or misstatements.

The Use of Common-Size Percentages Is a Useful Analytical Tool