Question: Why don t preliminary analytical procedures provide direct evidence about financial
Why don’t preliminary analytical procedures provide direct evidence about financial statement misstatements? What then is their purpose in an audit?
Answer to relevant QuestionsWhat is material information in accounting and auditing?How does the overall audit strategy relate to the audit plan and detailed programs?If expertise in a field other than accounting or auditing is necessary to obtain sufficient appropriate audit evidence, an auditor may need to use the work of an auditor’s expert. The need for special expertise may include ...Three former university classmates are meeting for dinner to celebrate completing their first year as junior auditors at three different public accounting firms. After reminiscing about the time they all skipped their ...Identify two control frameworks that can help in the auditor’s preliminary control risk assessment.
Post your question