Question

For clients with multiple locations, the auditors_______.

A could vary which locations are tested each year and not change the type of audit procedures that are performed at the different locations

B could not vary which locations are tested each year, but instead vary the type of audit procedures that are performed at the different locations

C could vary which locations are tested each year and the type of audit procedures that are performed at the different locations

D should always hire another auditor to check other locations, and not attempt to do this themselves

Answer 1

For clients with multiple locations, the auditors could not vary which locations are tested each year, but instead vary the type of audit procedures that are performed at the different locations

Explanation

When the clients have multiple locations than the auditors could not vary which locations are tested each year and the procedures of audit may vary at the different location

Exper

Accounts ERP, our much sought after multi-location accounting software facilitates consolidated view of the data of multiple entities operating under the same name in various locations. It helps in analyzing inventory, receivables, payable, financial status of the companies.

One such instance was that of one of our clients, operating his business in multiple locations, did not have to look into each ledger of the accounts of a particular branch or be physically present at all times. Accounts ERP was able provide him the consolidated view of his company accounts with a single click. He was quickly able to track day-to-day sales, cash, and stocks in every location and was able to provide an instant solution based on the real-time analysis. He was able to get real-time stock updates around multiple locations on his device. He can now view his business on a consolidated level if he chooses to do so or review the performance at individual branch level in the same software.

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