Solved: Financial ratios during the audit process, Accounting Basics

Financial ratios during the audit process

Problem: Auditors use several financial ratios during the audit process as well. Can you provide the purpose of one of the ratios used for analytical procedures? Please provide the calculation for the ratio and explain how an auditor might use the information in order to understand a client's business.

The current ratio is analyzed.

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Accounting Basics: Financial ratios during the audit process

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