List four ways in which analytical procedures can assist the auditor during the initial (risk assessment) stage
Question:
List four ways in which analytical procedures can assist the auditor during the initial (risk assessment) stage of an audit.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
Analytical procedures are commonly used during the risk assessment phase of an audit to help the aud...View the full answer
Answered By
John Kimutai
I seek to use my competencies gained through on the job experience and skills learned in training to carry out tasks to the satisfaction of users. I have a keen interest in always delivering excellent work
4.70+
11+ Reviews
24+ Question Solved
Related Book For
Principles Of External Auditing
ISBN: 9780470974452
4th Edition
Authors: Brenda Porter, Jon Simon, David Hatherly
Question Posted:
Students also viewed these Business questions
-
List four ways in which analytical procedures can assist the audits during the initial (risk assessment) stage of an audit.
-
Analytical procedures are extremely useful throughout the audit. a. Explain how analytical procedures are useful in: (1) The risk assessment stage of the audit. (2) The substantive procedures stage...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
1. Locate a current financial news article using a source such as the following: a. www.reuters.com; b. www.yahoo.com/finance; c. http://www.msn.com/en-us/money d. www.bloomberg.com 2. Use the...
-
A 2600-pF air-gap capacitor is connected to a 9.0-V battery. If a piece of Pyrex glass is placed between the plates, how much charge will then flow from the battery?
-
How would the answer in the Challenge Solution change if we used the marginal product of labor rather than the average product of labor as our measure of labor productivity?
-
On August 31, Pro Tennis Equipment had a $150,000 debit balance in Accounts Receivable. During September, Pro Tennis Equipment had the following transactions: Sales of $500,000, all on credit. ...
-
Bottle-Up, Inc., was organized on January 8, 2010, and made its S election on January 24, 2010. The necessary consents to the election were filed in a timely manner. Its address is 1234 Hill Street,...
-
Company A had EBIT of $330,714,343 in 2019. In addition, the company had interestexpenses of $139,737,155 and a corporate tax rate of 30.89%. What was the amount of Company's interest tax shield in...
-
State the two main phases in planning an audit and outline the main objective(s) of each.
-
(a) Briefly explain the meaning of the term analytical procedures; and (b) outline three ways in which these procedures are used during an audit.
-
There are two sections of an introductory statistics course. Section A has 25 students and section B has 30 students. All students took the same final exam. The mean score in section A was 82 and the...
-
Sunset Entertainment Center borrowed money by issuing $5,000,000 of 6% bonds payable at 90.5. Interest is paid semiannually. Requirements 1. How much cash did Sunset Entertainment Center receive when...
-
Bed & Bath, a retailing company, has two departments-Hardware and Linens. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution margin...
-
What are the differences and similarities between Thomas Hobbes' moral and political theory and Plato's moral and plato's political theory?
-
For each combination of internal and external environmental factors, consider how you can use them to create good strategic options for the implementation of political theory in the Philippines: ...
-
As a small bullet leaves a gun, a net force is applied to shoot it through a barrel. If the bullet has a mass of 39.62 grams and leaves the barrel at a speed of 298.7 m/s. If the barrel of the gun is...
-
Alteran Corporation purchased a machine for $1.5 million in 2008. The machine is being depreciated over a 10-year life using the sum-of-the-years'-digits method. The residual value is expected to be...
-
What do you think?
-
Would promotion be successful in expanding the general demand for: ( a ) almonds, ( b ) air travel, ( c ) golf clubs, ( d ) walking shoes, ( e ) high-octane unleaded gasoline, ( f ) single-serving,...
-
Explain how an understanding of the adoption process would help you develop a promotion blend for digital tape recorders, a new consumer electronics product that produces high-quality recordings....
-
Explain how opinion leaders affect a firms promotion planning.
-
Explain the output of the following program: main() { int m 80, p = 70, c = 30; if (m>=60 && p>=50 && c>=40 && m+p+c>=200 || m+p>=150){ printf("eligible "); } printf("not eligible "); }
-
If 3 f(x) x+5x+7, for all x, find lim f(x). -1
-
Encode the following instructions: ADD x2, x3, x4 ADDI x2, x3, 4 SUB x3, x4, x5 SUBI x3, x4, 5 LW x5, 8(x6) SW x5, 16(x6) XOR X5, X6, x7 OR x6, x7, x8 BEQ x6, x7, 8 BNE x7, x8, 4
Study smarter with the SolutionInn App