Analytical procedures: (a) Are used to test controls and are not substantive procedures. (b) Are substantive procedures
Question:
Analytical procedures:
(a) Are used to test controls and are not substantive procedures.
(b) Are substantive procedures and cannot be used at any other stage of the audit.
(c) Are used at planning and substantive testing stages of the audit.
(d) Can be used as substantive tests but cannot be used as primary tests of a balance.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
c Are used at ...View the full answer
Answered By
Bree Normandin
Success in writing necessitates a commitment to grammatical excellence, a profound knack to pursue information, and a staunch adherence to deadlines, and the requirements of the individual publication. My background comprises writing research projects, research meta-analyses, literature reviews, white paper reports, multimedia projects, reports for peer-reviewed journals, among others. I work efficiently, with ease and deliver high-quality outputs within the stipulated deadline. I am proficient in APA, MLA, and Harvard referencing styles. I have good taste in writing and reading. I understand that this is a long standing and coupled with excellent research skills, analysis, well-articulated expressions, teamwork, availability all summed up by patience and passion. I put primacy on client satisfaction to gain loyalty, and trust for future projects. As a detail-oriented researcher with extensive experience surpassing eight years crafting high-quality custom written essays and numerous academic publications, I am confident that I could considerably exceed your expectations for the role of a freelance academic writer.
5.00+
7+ Reviews
21+ Question Solved
Related Book For
Auditing A Practical Approach
ISBN: 978-1118849415
2nd Canadian edition
Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren
Question Posted:
Students also viewed these Business questions
-
TRUE-FALSE QUESTIONS 1. In terms of preliminary analytical procedures, assume that the company has introduced a new product with a low price point and significant customer demand. The auditor would...
-
MULTIPLE-CHOICE QUESTIONS 1. Which of the following expected relationships is reasonable in terms of performing preliminary analytical procedures in the acquisition and payment cycle? a. Assume that...
-
TRUE-FALSE QUESTIONS 1. The primary preliminary analytical procedure for stockholders' equity accounts is a comparison of current year account balances with prior-year account balances, after...
-
Find the minimum and maximum values of the function subject to the given constraint. f(x, y) =xy, 4x +9y = 32
-
Glassware Company is organized into two divisions: Etched Glass and Clear Glass. During August, sales for the Etched Division totaled $7,500,000, and its contribution margin ratio averaged 38...
-
Selected account balances for Ramano Company at January 1, 2022, are presented below. Accounts Payable $19,000 Accounts Receivable 22,000 Cash 17,000 Inventory 13,500 Ramanos sales journal for...
-
What does argv provide to our program?
-
On January 1, 2014, Ridge Road Company acquired 20 percent of the voting shares of Sauk Trail, Inc. for $2,700,000 in cash. Both companies provide commercial Internet support services but serve...
-
Calculate the magnitude of the force on the charge q, given that the square is 10.0 cm on a side and q 9a9b = +7.46 C and qc = qa = -7.46 C. = 2.00 C, given that N
-
In December, Northern Kiteboarding magazine collected $80,000 for subscriptions for the next calendar year. The company collects cash in advance and then downloads the magazines to subscribers each...
-
The following factor(s) influences how much and when substantive procedures are performed: (a) The nature of the test. (b) The level of assurance necessary. (c) The type of evidence required. (d) All...
-
We can conclude that analytical procedures provide persuasive evidence: (a) Always. (b) Never. (c) If they do not provide sufficient evidence by themselves to allow us to conclude that the account is...
-
One in 175 individual tax returns will be audited by the IRS. Determine a) The probability that an individual tax return will be audited. b) The odds against an individual tax return being audited.
-
A business purchases a new form of consumer relation management technology for $380,000. Because of this purchase, the company earns an extra $50,000 annually. A) Find the ROMI for the first year. B)...
-
What is the loophole in the 13th Amendment and explain how it is used to the detriment of African Americans in the United States?
-
Read ALDO'S GLOBAL OMNICHANNEL IMPERATIVE case study. q1 - develop a social media integration strategy for Aldo and explain how aldo can leverage social media touchpoints to improve its digital...
-
Journal assignment bfin 350 In this Journal you will be expected to provide a brief summary (or notes) of the course of the key learning points that you have made over the course of the term. These...
-
The report should contain four parts: Company background: Write an overview of the company, sector outlook, and discuss any recent events that might affect its stock valuation. Company valuation:...
-
Identify the main components of a firm's balance sheet and income statement.
-
The process of collaborative goal setting by a manager and subordinate, the extent to which goals are accomplished is a major factor in evaluating and rewarding the subordinate's performance. It is...
-
Venture Volunteers for Troubled Teens is a not-for-profit entity that provides counselling services to troubled teens and adolescents. While the majority of its funding comes from the government, the...
-
Venture Volunteers for Troubled Teens is a not-for-profit entity that provides counselling services to troubled teens and adolescents. While the majority of its funding comes from the government, the...
-
Figure 10.6 is a copy of the auditors working paper for auditing accounts payable for the client New Millennium Ecoproducts. Required a. Explain the nature of the test being documented in the working...
-
What are the cellular and molecular mechanisms underlying neuronal development and axon guidance, including the roles of axon guidance cues, cell adhesion molecules, and cytoskeletal dynamics in...
-
CREATING A CRIMINAL LAW CASE About Fraud IN CANADA In this assessment, you will demonstrate your understanding of criminal law and criminal law procedure by creating case scenario. create "facts",...
-
How do neuromodulatory systems such as the dopaminergic, serotonergic, and cholinergic systems regulate mood, motivation, and cognitive function through widespread projections and interactions with...
Study smarter with the SolutionInn App