Question: 1 a . Explain the benefits of using analytical procedures to test account balances and transactions rather than using tests of details. ( 5 points

1a. Explain the benefits of using analytical procedures to test account balances and transactions rather than using tests of details. (5 points)
1b. In what circumstances does it make sense to use a substantive analytical procedure rather than a test of detail? (4 points)
1c. What does the audit team need to document regarding its analytical procedure? (4 points)

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