Vacuum bonanza - Study guides, Class notes & Summaries

In planning the audit, your team is attempting to develop expectations for planning purposes on the financial information for prior years and your knowledge of the business and the industry. As the auditor, it is up to you to determine the expectation. You will use your best judgment to do so. You will use your knowledge of economics, how business operates (in general) and the nature of how costs behave (management accounting courses). As a team, ask yourself the questions below. In auditin...