Why are analytical procedures a required step in audit planning?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
Analytical procedures can give the auditor a big picture view of ...View the full answer
Answered By
Benish Ahmad
I'm a professional software engineer. I'm lectutrer at GCUF and I have 3 years of teaching experience. I'm looking forward to getting mostly computer science work including:
Programming fundamentals
Object oriented programming
Data structures
object oriented design and analysis
Database system
Computer networks
Discrete mathematics
Web application
I am expert in different computer languages such as C++, java, JavaScript, Sql, CSS, Python and C#. I'm also have excellent knowledge of essay writing and research. I have worked in other Freelancing website such as Fiverr and Upwork. Now I have finally decided to join the SolutionInn platform to continue with my explicit work of helping dear clients and students to achieve their academic dreams. I deliver plagiarism free work and exceptional projects on time. I am capable of working under high pressure.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance Services Understanding the Integrated Audit
ISBN: 978-0471726340
1st edition
Authors: Karen L. Hooks
Question Posted:
Students also viewed these Auditing questions
-
Why are analytical procedures an important part of the planning process?
-
Why are analytical procedures of limited use in the audit of the cash balance?
-
Why are analytical procedures used in the planning stages? Why are they used again near the end of the audit?
-
Use the data in Exercise 13.28.To familiarize yourself with recursive least squares, estimate the savings functions for 19701981, 19701985, 19701990, and 19701995. Comment on the stability of...
-
Carbon monoxide, CO, and oxygen, O2, react according to 2CO(g) + O2(g) 2CO2(g) Assuming that the reaction takes place and goes to completion, determine what substances remain and what their partial...
-
Silver Springs Bank is a local bank located in a residential area, and it services mostly individuals and local businesses. Silver Springs four main services are transaction processing (withdrawals,...
-
What is the difference between aggregation and composition? Give an example for each.
-
Humid air is to be conditioned in a constant pressure process at 1 atm from 39oC dry bulb and 50 percent relative humidity to 17oC dry bulb and 10.8oC wet bulb. The air is first passed over cooling...
-
Dana Incorporated has ten employees who work Monday - Friday each week and they are paid every other Friday. Each employee is paid 800 a week for a 40 hour work week. All ten employees worked 3 days...
-
Create a payroll program named CalcPay that allows the user to enter two double value sand a string namely hours worked, hourly rate and name. After the user enters the rate, hours, and name the...
-
Why would the auditor want to inform management of problems with internal control as early as possible, so that remediation can be performed as early as possible?
-
The following terms are important in an integrated audit. Explain what they mean in the context of an audit and how/why they are related.
-
Grupo Televisa, S.A.B. and Subsidiaries (NYSE: TV) in the Notes to Consolidated Financial Statements for the year ending December 31, 2020, states that the property, plant and equipment reported on...
-
Assuming the file referenced in the StudentManager class exists and contains data, which statement about the following class is correct? (Choose two.) A. The code does not compile. B. The code...
-
Assuming the file path referenced in the following class is accessible and writable, what is the output of the following program? (Choose two.) A. 1 B. 23 C. 13 D. The code does not compile. E. If...
-
Which two method names, when filled into the print2() method, produce the same output as the print1() method? Assume the input arguments for each represent the same non-null numeric value. A....
-
Given the following program, how many times is TV Time expected to be printed? Assume 10 seconds is enough time for each task created by the program to complete. A. One time. B. Three times. C. The...
-
How many lines of the following code contain compiler errors? A. All of the lines compile B. One C. Two D. Three E. Four or more. 12: var path = Paths.get(new URI("ice.cool")); 13: var view =...
-
To create a bar chart with the bar function, what two arguments you must pass?
-
Listed below are several terms and phrases associated with basic assumptions, broad accounting principles, and constraints. Pair each item from List A (by letter) with the item from List B that is...
-
What is the magnetic field at the center of the loop in Figure P24.17? Figure P24.17 2.0 cm 5.0 A
-
The following audit procedures were performed to address presentation and disclosure-related audit objectives related to notes payable. 1. The schedule of notes payable in the footnotes includes all...
-
Your client, Red Horse, Inc., prepared the following schedule for long term debt for the audit of financial statements for the year ended December 31, 2013: Required a. What type of evidence would...
-
The following covenants are extracted from the indenture of a bond issue. The indenture provides that failure to comply with its terms in any respect automatically makes the loan immediately due (the...
-
What are the basic employment laws ? Do I need to provide an employee/worker with any written terms and conditions?
-
How could the standards of client focused plan be successfully applied in the improvement of items and administrations to guarantee a consistent and fulfilling client experience?
-
Why is Diversity promotes a variety of perspectives, creativity, and a more inclusive organizational culture, leading to better decision-making and problem-solving.diversity important in...
Study smarter with the SolutionInn App