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Analytical procedures are useful in identifying which of the following? Differences that are expected Recurring transactions Legal acts Transactions with no errors The textbook says
- Analytical procedures are useful in identifying which of the following?
- Differences that are expected
- Recurring transactions
- Legal acts
- Transactions with no errors
- Differences that are expected
- Recurring transactions
- Legal acts
- Transactions with no errors
The textbook says this, but it seems that they're all opposites to the options:
Analytical procedures are used to detect and examine relationships of financial information that do not appear reasonable. They are useful in identifying:
- Differences that are not expected
- The absence of differences that are expected
- Potential errors
- Potential fraud and illegal acts
- Other unusual or non-recurring transactions or events
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