$7-24($Objectives$7-5,7-7)$ The following questions concern the use of analytical procedures during an audit. Select the best response.

$1.$ For all audits of financial statements made in accordance with auditing standards, the use of analytical procedures is required to some extent

$2.$ Which of the following situations has the best chance of being detected when a CPA compares $2019$ revenues and expenses with the prior year and investigates all changes exceeding a fixed percent?

$1.$ An increase in property tax rates has not been recognized in the company$$s $2019$ accrual.

$2.$ The cashier began lapping accounts receivable in $2019.$

$3.$ Because of worsening economic conditions, the $2019$ provision for uncollectible accounts was inadequate.

$4.$ The company changed its capitalization policy for small tools in $2019.$

$3.$ Which of the following would$$not$$be considered to be an analytical procedure?

$1.$ Estimating payroll expense by multiplying the number of employees by the average hourly wage rate and the total hours worked

$2.$ Projecting the error rate by comparing the results of a statistical sample with the actual population characteristics

$3.$ Computing accounts receivable turnover by dividing credit sales by the average net receivables

$4.$ Developing the expected current$-$year sales based on the sales trend of the prior $5$ years