Performing your analytical procedures vs benchmark

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Reference no: EM131851060

What happens if you as an auditor find a substantial variance in performing your analytical procedures vs a benchmark?

For example, let's say that in 2016 the company was averaging 10 inventory turns per year but in 2017 they were down to only 4 turns. How would that impact the balance of the audit and the procedures to be performed?

Reference no: EM131851060

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