About this document
Circle L Store Sales Analysis Report by Sam Rosenbaum is a document available to read on EtoBox.
Our audit staff performed judgmental selection, trend analysis, reasonableness testing, and regression analysis on sales data from 24 Circle L stores to identify 5 stores needing closer examination. Regression analysis showed that 20X3 sales, square footage, and inventory were best predictors of 20X4 sales. The 5 stores with the highest positive residuals across tests - indicating overstated sales - were stores 18, 16, 15, 24, and 6. These 5 stores warrant further audit procedures to assess potential materi
- Author
- Sam Rosenbaum
- Language
- EN