The results of the overall analytical procedures help the auditor incorporate all they learned in the course of the collecting the audit evidence to form the final conclusions on fair presentation of the financial statements. The final analysis procedures can be similar to those for risk assessment; for example, comparing financial and nonfinancial data and examining ratios and trends that may indicate unexpected relationships. However, by performing this analysis at a late stage in the audit, t

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To obtain audit evidence the auditor performs one or a combination of the following procedures inspection observation external confirmation inquiry reperformance recalculation analytical procedures It ... View the full answer