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13.The objective of performing analytical procedures in the planning stage of an audit is to Identify related party transactions that must be disclosed Identify deficiencies

13.The objective of performing analytical procedures in the planning stage of an audit is to

  1. Identify related party transactions that must be disclosed
  2. Identify deficiencies in internal control policies and procedures
  3. Direct the auditor's attention to matters having high risk of material misstatements
  4. Detect misappropriation of assets due to internal control weakness

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