Question: The auditor reviews important financial statement numbers and ratios at both the beginning and the completion of the audit. Compare and contrast the purposes of

The auditor reviews important financial statement numbers and ratios at both the beginning and the completion of the audit. Compare and contrast the purposes of

(1) Preliminary analytical procedures and

(2) Analytical procedures performed near the completion of the audit.

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1 Preliminary Analytical Procedures Purpose Preliminary analytical procedures are conducted at the beginning of an audit typically during the planning phase The purpose of these procedures is to provi... View full answer

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