Chat with AIExam 5: Preliminary Audit Planning: Understanding the Auditees Business
Exam 1: Introduction to Auditing38 Questions
Exam 2: Auditors Professional Roles and Responsibilities35 Questions
Exam 3: Auditors Ethical and Legal Responsibilities44 Questions
Exam 4: Reports on Audited Financial Statements47 Questions
Exam 5: Preliminary Audit Planning: Understanding the Auditees Business43 Questions
Exam 6: Assessing Risks in an Audit Engagement46 Questions
Exam 7: Internal Control Over Financial Reporting48 Questions
Exam 8: Audit Evidence and Assurance34 Questions
Exam 9: Control Assessment and Testing41 Questions
Exam 10: Audit Sampling50 Questions
Exam 11: The Revenues, Receivables, and Receipts Process and Cash Account Balance70 Questions
Exam 12: The Purchases, Payables, and Payments Process57 Questions
Exam 13: Payroll and Production Processes40 Questions
Exam 14: The Finance and Investment Process40 Questions
hapter 15 Completing the Audit Work44 Questions
Exam 16: Applying Professional Judgment to Form the Audit Opinion and Issue the Audit Report45 Questions
Exam 17: Other Public Accounting Services and Reportsreviews and Compilations50 Questions
Exam 18: Professional Rules of Conduct Details and Auditor Responsibilities45 Questions
Exam 19: The Audit of Accounting Estimates: Basic Material Relating to Accounting Estimates42 Questions
Exam 20: Legal Liability Cases48 Questions
Exam 21: Other Professional Accounting Services and Reports, Including Fraud Auditing42 Questions
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Analytical procedures consist of evaluating financial information by studying financial and nonfinancial data and looking for plausible or implausible relationships.The procedures can range from making simple comparisons to using complex models involving many relationships and elements of data.They can involve time-series comparisons of recorded amounts and ratios developed from recorded amounts,and they always include comparison to expectations developed by the auditors.
Required:
A)Describe the broad purposes of analytical procedures.
B)Identify the sources of information from which an auditor develops expectations.
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