Analytical procedures. Analytical procedures are extremely useful in the initial audit planning stage. Required: A. Explain why

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Analytical procedures. Analytical procedures are extremely useful in the initial audit planning stage.

Required:

A. Explain why analytical procedures are considered substantive tests.

B. Explain how analytical procedures are useful in the initial audit planning stage.

C. Should analytical procedures be applied at any other stages of the audit process?

D. List several types of comparisons an auditor might make in performing analytical procedures.

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Principles of Auditing An Introduction to International Standards on Auditing

ISBN: 978-0273768173

3rd edition

Authors: Rick Hayes, Philip Wallage, Hans Gortemaker

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Question Posted: May 23, 2018 04:15 AM

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Analytical procedures. Analytical procedures are extremely useful in the initial audit planning stage. Required: A. Explain why

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A Analytical procedures are considered substantive tests because they provide the auditors with evid...View the full answer

Principles of Auditing An Introduction to International Standards on Auditing

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