Common uses of analytical procedures include: (a) Risk identification during the audit planning stage. (b) Estimation of
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Common uses of analytical procedures include:
(a) Risk identification during the audit planning stage.
(b) Estimation of account balances during the audit execution stage.
(c) Overall assessment of the financial statements at the final review stage of the audit.
(d) All of the above.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For 
Auditing A Practical Approach
ISBN: 978-1118849415
2nd Canadian edition
Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren
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