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When performing analytical procedures, the auditor can develop an expectation for a current year balance or ratio via a number of ways. Please describe 2
When performing analytical procedures, the auditor can develop an expectation for a current year balance or ratio via a number of ways. Please describe 2 sources auditors can use when developing expectations. Also, provide an advantage and disadvantage associated with each of the three sources you discuss. Feel free to use examples to assist in your discussion.
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