1) Describe the analytical procedure you would perform for each one of the accounts -include questions to ask or items to consider during analyses of the balances. 

2) Lastly, Explain whether the procedure your perform would gather evidence that is considered persuasive, corroborative, or minimal.

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You are currently on an audit engagement for Stanley Co. The audit manager has asked you to perform analytical procedures on the following current year account balances. The prior year balance has been audited and provided as a reference. Current Year Prior Year Depreciation expense Sales commission expense Payroll expense $43,570 $84,590 $1,739,500 $33,500 $75,030 $2,530,000 You are currently on an audit engagement for Stanley Co. The audit manager has asked you to perform analytical procedures on the following current year account balances. The prior year balance has been audited and provided as a reference. Current Year Prior Year Depreciation expense Sales commission expense Payroll expense $43,570 $84,590 $1,739,500 $33,500 $75,030 $2,530,000

Answer rating: 100% (QA)

ANSWER A Analytical procedures are performed as an overall review of the financial statements at the end of the audit to assess whether they are consi... View the full answer