Advanced

Substantive Analytical Procedures - Revenue

Develops an expectation for revenue based on non-financial data to test for overstatement.

Create a substantive analytical procedure for Revenue. Use the following data: {prior_year_revenue}, {current_year_units_sold}, and {average_unit_price}. Calculate the expected revenue, compare it to the recorded {recorded_revenue}, and provide 3 potential audit explanations if the variance exceeds the {threshold}.

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