Question: Tracing transactions through the system to determine whether procedures are being applied as prescribed. Comparison of financial data with data for comparable prior periods, anticipated

Tracing transactions through the system to determine whether procedures are being applied as prescribed.
Comparison of financial data with data for comparable prior periods, anticipated results (e.g., budgets and forecasts) and similar data for the industry in which the entity operates.
Study of the relationships of financial data with relevant nonfinancial data.

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