The audit of Humbird Company, a manufacturer of bicycle racks and golf carts, is almost finished. Gene
Question:
The audit of Humbird Company, a manufacturer of bicycle racks and golf carts, is almost finished. Gene Beam is the most experienced auditor on this audit and is in charge of performing analytical procedures.
Required
a. Why is it important that analytical procedures be performed by experienced auditors?
b. What are some analytical procedures that Beam might perform?
c. How can these procedures be useful at this stage of the audit?
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a Analytical procedures should be performed by the most experienced auditor because heshe is most ...View the full answer
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Related Book For 
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
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