Why dont preliminary analytical procedures provide direct evidence about financial statement misstatements? What then is their purpose

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Why don’t preliminary analytical procedures provide direct evidence about financial statement misstatements? What then is their purpose in an audit?

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Auditing An International Approach

ISBN: 978-0071051415

6th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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Question Posted: Jan 09, 2015 09:29 AM

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Why dont preliminary analytical procedures provide direct evidence about financial statement misstatements? What then is their purpose

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Analysis directs attention to areas that look unusual where misstatements may have o...View the full answer

Auditing An International Approach

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