Substantive analytical procedures are commonly used to test prepaid accounts.

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Substantive analytical procedures can be used to test prepaid accounts. These procedures involve analyzing trends, ratios, and other relationships between financial data to identify any potential discrepancies or anomalies. Examples of substantive analytical procedures that could be used to test prepaid accounts include comparing prepaid expenses to prior periods, benchmarking against industry standards, or analyzing the relationship between prepaid expenses and other financial metrics like revenue or net income.

Substantive Analytical Procedures Are Commonly Used to Test Prepaid Accounts