Which of the following statements regarding analytical review procedures is not correct Analytical procedures a. Can be

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Which of the following statements regarding analytical review procedures is not correct Analytical procedures

a. Can be effective in auditing account balances when control risk is low and there is a plausible relationship between accounts. ;

b. Are required for use in planning the audit.

c. Can lead to audit efficiency because the auditor can generate hypotheses to explain the most likely rationale for changes in account balances and investigate accordingly.

d. Are required on compilation engagements.

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Auditing Concepts For A Changing Environment With IDEA Software

ISBN: 9780324180237

4th Edition

Authors: Larry E. Rittenberg, Bradley J. Schwieger

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Question Posted: May 07, 2024 09:01 AM

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Which of the following statements regarding analytical review procedures is not correct Analytical procedures a. Can be

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The correct answer is d Are required on compilation engagements The statement Analytical procedures are required on compilation engagements is not cor...View the full answer

Auditing Concepts For A Changing Environment With IDEA Software

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