For this discussion, read the Public Company Accounting Oversight Board (PCAOB) report on the 2004 Inspection of McGladrey and Pullen, LLP. Pay close attention to the firm's performance of analytical procedures. The firm used analytical procedures to test revenue and operating expense accounts. Respond to the following:
In what respect did the firm fail concerning the input data to the analytical procedures?
In what respect did the firm fail in terms of documentation?