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9 Cards in this Set
- Front
- Back
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Auditing standards __________ analytical procedures at the planning and concluding stages of the audit.
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Require |
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Analytical procedures can also be used as __________ procedures in testing. |
Substantive |
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Analytical procedures at the end of the audit help confirm the __________ reached. |
Conclusions |
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Often, analytical procedures are considered the most __________ procedures for a strong understanding of the client and its business. |
effecient |
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Part of performing analytical procedures involves considering __________. |
Ratios |
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The primary objective of final analytical procedures is to
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Assist the auditor in assessing the validity of the conclusions reached on the audit. |
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The substantive analytical procedure known as trend analysis is best described by.. |
the examination of changes in an account over time. |
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Required for planning and overall review of the financial statements. |
Required for planning and overall review of the financial statements. |
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The auditor notices significant fluctuations in key elements of the company's financial statements. If management is unable to provide an acceptable explanation, the auditor should |
Perform additional audit procedures to investigate the matter further. |
