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WK 1-2 Please explain for better understanding Analytical procedures are substantive procedures that may be used to provide evidence about specific accounts and classes of
WK 1-2 Please explain for better understanding
Analytical procedures are substantive procedures that may be used to provide evidence about specific accounts and classes of transactions. Address the following:
- Explain the different types of analytical procedures.
- Describe three major types of comparisons the auditor might make in performing analytical procedures.
- At what stages of the audit are analytical procedures performed, and what purpose do they serve at each stage?
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