Analytical procedures: (a) Cannot be performed on interim data. (b) Are not affected by different accounting methods

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Analytical procedures: 

(a) Cannot be performed on interim data. 

(b) Are not affected by different accounting methods between the client and other members of the industry.

(c) Must take into account seasonal variation in the client’s business. 

(d) Are only useful if the client’s variance from the budget is low.

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Auditing A Practical Approach

ISBN: 978-1118849415

2nd Canadian edition

Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren

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