What is the difference between the auditors approach in, Ask an Expert

Accounting

1. What is the difference between the auditor's approach in verifying sales returns and allowances and sales? Why is there a difference?

2. What impact might this have on gross margins? Also, how might it affect future sales?

3. What is meant by alternative procedures in the confirmation of accounts receivable? What is the purpose?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9402793

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