Why are analytical procedures used in the planning stages? Why are they used again near the end
Question:
Why are analytical procedures used in the planning stages? Why are they used again near the end of the audit?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
Analytical procedures are used to assist the auditor in planning the nature timing and extent of oth...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Principles of Auditing An Introduction to International Standards on Auditing
ISBN: 978-0273768173
3rd edition
Authors: Rick Hayes, Philip Wallage, Hans Gortemaker
Question Posted:
Students also viewed these Business questions
-
How are analytical procedures used in the verification of revenue?
-
Why are analytical procedures of limited use in the audit of the cash balance?
-
Which of the following statements is correct concerning analytical procedures used in planning an audit engagement? a. They often replace the tests of controls that are performed to assess control...
-
What aspects of control must exist before a subsidiary is consolidated?
-
At the end of 2015, Zeman, Corp. had total assets of $25 million and total liabilities of $13 million. Included in the assets were property, plant, and equipment with a cost of $9 million and...
-
ALL l 1. Growth in 2 Dimensions Start with an infinite two dimensional grid filled with zeros, indexed from (1,1) at the bottom left corner with coordinates increasing toward the top and right....
-
The factory overhead of Best Production Ltd has fluctuated significantly from year to year in relation to the direct machine hours. The average costs at the average high and low levels of activity...
-
Fausto Fabricators Inc. uses a standard cost system to account for its single product. The standards established for the product include the following: Materials . . . . . . . . . . . . . . . . . . ....
-
A 2 . 5 kg model car is traversing a loop track with a radous of 1 . 1 m . What speed must the car have at the bottom of the loop to just go past the top of the loop?
-
Lee Nicholas has been the owner and operator of World.com Advertising since its beginning 10 years ago. The company has prospered. Recently, Nicholas mentioned that he would sell the business for the...
-
In assessing going concern, list three financial indicators, three operating indicators and three other indicators.
-
Why is it useful to do analytical procedures during the completion of an audit?
-
George bought the following amounts of Stock A over the years: On October 12, 2014, he sold 1,200 of his shares of Stock A for $38 per share. a. How much gain/loss will George have to recognize if he...
-
The sentence "Tom told Jerry that he would never borrow his motorcycle again," is an example of?
-
1) what makes a law/government constitutional? 2) what types of law/government are constitutional? 3) what makes a law/government non-constitutional?
-
How does the integration of ethical mindfulness practices, such as reflective judgment or moral imagination, enhance individuals' capacity to recognize and address ethical challenges while...
-
Samsung has been producing the new Galaxy X250 smart phone throughout 2022 but doesn't plan to sell it until March 2023. How are these smartphones, which are sitting in a warehouse somewhere in...
-
Briefly point out the important points of security of tenure for the judges in assuring judicial independence in Malaysia?
-
Consider the circuit shown. Could we increase the brightness of the bulb by connecting a wire between points A and B? Explain. A B Q6 Diagram
-
Why is inventory management important for merchandising and manufacturing firms and what are the main tradeoffs for firms in managing their inventory?
-
In your own words, explain why the book suggests that you should think of marketing strategy planning as a narrowing-down process.
-
Explain the major differences among the four basic types of growth opportunities discussed in the text and cite examples for two of these types of opportunities.
-
Explain why a firm may want to pursue a market penetration opportunity before pu r suing one involving product development or diversification.
-
Yi is collecting the Old Age Security pension benefit. Annually, Yi receives $5757 a year from OAS. In addition to OAS, Yi's annual income from her pension, CPP, and other sources totals $94250 a...
-
1. Write an equation that describes the information in the table: X Y -4 12 -2 3.5 2 -13.5 5 -26.25 2. Write an equation for the line in the graph below. Label the points on the graph that you used...
-
The inventory account is reduced by $36 to account for the returned defective items. what is the reason for this?
Study smarter with the SolutionInn App