Question: Analytical procedures. Analytical procedures are extremely useful in the initial audit planning stage. Required: A. Explain why analytical procedures are considered substantive tests. B. Explain

Analytical procedures. Analytical procedures are extremely useful in the initial audit planning stage.


Required:

A. Explain why analytical procedures are considered substantive tests.

B. Explain how analytical procedures are useful in the initial audit planning stage.

C. Should analytical procedures be applied at any other stages of the audit process?

D. List several types of comparisons an auditor might make in performing analytical procedures.

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