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Analytical Procedures Are Substantive Procedures That May Be Used to Provide

Question 86

Essay

Analytical procedures are substantive procedures that may be used to provide evidence about specific accounts and classes of transactions.
a.Describe three major types of comparisons the auditor might make in performing analytical procedures.
b.At what stages of the audit are analytical procedures performed and what purpose do they serve at each stage?

Correct Answer:

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a.Comparisons made in performing analyti...

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