Which of the following is an example of the type of analytics that an auditor would use for inventory?
A)Number of day's sales in receivables compared to industry averages.
B)Inventory turnover for the previous five years.
C)Number of obsolete units this period compared to last.
D)Salaries of marketing personnel as a percent of total inventory.

Question

Quizplus · Accepted Answer

Inventory turnover for the previous five years is a relevant metric for auditors to analyze inventory efficiency and management over time.

Which of the Following Is an Example of the Type