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1 a . Explain the benefits of using analytical procedures to test account balances and transactions rather than using tests of details. ( 5 points
a Explain the benefits of using analytical procedures to test account balances and transactions rather than using tests of details. points
b In what circumstances does it make sense to use a substantive analytical procedure rather than a test of detail? points
c What does the audit team need to document regarding its analytical procedure? points
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