Why are analytical procedures used in the planning stages? Why are they used again near the end

Question:

Why are analytical procedures used in the planning stages? Why are they used again near the end of the audit?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles of Auditing An Introduction to International Standards on Auditing

ISBN: 978-0273768173

3rd edition

Authors: Rick Hayes, Philip Wallage, Hans Gortemaker

See More Books

Question Posted: May 23, 2018 04:38 AM

See More Questions

How are analytical procedures used in the verification of revenue?
Why are analytical procedures of limited use in the audit of the cash balance?
Which of the following statements is correct concerning analytical procedures used in planning an audit engagement? a. They often replace the tests of controls that are performed to assess control...
What aspects of control must exist before a subsidiary is consolidated?
At the end of 2015, Zeman, Corp. had total assets of $25 million and total liabilities of $13 million. Included in the assets were property, plant, and equipment with a cost of $9 million and...
What is a photon? How is the energy of a photon related to its wavelength? Its frequency?
Distinguish between functional and psychological needs.
On November 1, 2007, Columbo Company adopted a stock option plan that granted options to key executives to purchase 30,000 shares of the companys $10 par value common stock. The options were granted...
Bond Premium, Entries for Bonds Payable Transactions, Interest Method of Amortizing Bond Premium Rodgers Corporation produces and sells football equipment. On July 1, Year 1, Rodgers Corporation...
In this problem we will explore how modifying the gravitational force law changes orbits. In order to do this problem, you will need to understand how elliptic orbits result from Newtons...
In assessing going concern, list three financial indicators, three operating indicators and three other indicators.
Why is it useful to do analytical procedures during the completion of an audit?
According to the World Competitiveness Report 1994, with freer markets, Third World nations now are able to attract capital and technology from the advanced nations. As a result, they can achieve...
9. For diatomic molecules, the correct statement(s) about the molecular orbitals formed by the overlap of two 2pz orbitals is (are) (A) orbital has a total of two nodal planes. (B) * orbital has one...
12. The treatment of galena with HNO3 produces a gas that is (A) paramagnetic (C) an acidic oxide (B) bent in geometry (D) colorless
Determine the position of the centre of gravity (c.g.) and 2nd moment of inertia with respect to c.g. of the section shown below, where A = mm and B = 5 mm. a) x B A y B Calculate the x = mm with...
7. Consider the design of a burglar alarm for a house. When activated an alarm and lights will be activated to encourage the unwanted guest to leave. This alarm be activated if an unauthorized...
A uniform flat plate of metal is situated in the reference frame shown in the figure below.
In Exercises 17 through 28, decide if the given function is continuous at the specified value of x. f(x) = 5x 2 6x + 1 at x = 2
Why is inventory management important for merchandising and manufacturing firms and what are the main tradeoffs for firms in managing their inventory?
In your own words, explain why the book suggests that you should think of marketing strategy planning as a narrowing-down process.
Explain the major differences among the four basic types of growth opportunities discussed in the text and cite examples for two of these types of opportunities.
Explain why a firm may want to pursue a market penetration opportunity before pu r suing one involving product development or diversification.
Break-Even Sales and Sales to Realize Income from Operations For the current year ending October 31, Yentling Company expects fixed costs of $537,600, a unit variable cost of $50, and a unit selling...
You buy a stock for $35 per share. One year later you receive a dividend of $3.50 per share and sell the stock for $30 per share. What is your total rate of return on this investment? What is your...
Filippucci Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200,000) is different from the actual amount incurred ($225,000). Ending balances in the...

Why are analytical procedures used in the planning stages? Why are they used again near the end

Question:

Step by Step Answer:

Analytical procedures are used to assist the auditor in planning the nature timing and extent of oth...View the full answer

Principles of Auditing An Introduction to International Standards on Auditing

Students also viewed these Business questions