Question: (a) What are the advantages of using analytical procedures as substantive tests? (b) If the engagement team decides to use analytical procedures for the Bees'

(a) What are the advantages of using analytical procedures as substantive tests?
(b) If the engagement team decides to use analytical procedures for the Bees' audit, how will the audit plan differ from prior years?
(c) Discuss whether you believe analytical procedures should be used as substantive tests for the Bees 2014 audit?

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a Auditors are continuously assessing the effectiveness and efficiency of audit procedures Analytical procedures are generally much more efficient tha... View full answer

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