1- What are the functions of audit documentation?
2- Describe in detail the substantive analytical procedures can
be used in auditing the revenue?
1- What are the functions of audit documentation? 2- Describe in detail the substantive analytical procedures...
Auditing course: a- Describe in detail the substantive analytical procedures that can be used in auditing the revenue? b-The testing of the hierarchy is considered to be more effective and more efficient. Why?
Required information Analytical Procedures Read the case and answer the questions that follow. Audit standards require analytical procedures at two stages during the audit: at the risk assessment (planning) phase and again at the end of the audit. They are optionally used as a substantive procedure during the course of an audit. CONCEPT REVIEW: While analytical procedures are similar in structure in both phases (or substantive testing, if used) of the audit, they have different purposes and often different conclusions....
Which of the following is true about analytical procedures? Analytical procedures are used in risk assessment, as a substantive procedure for specific accounts, and near the completion of the audit of the audited financial statements. Performing analytical procedures results in the most reliable form of evidence. Analytical procedures are used for planning, but they should not be used to obtain evidence as to the reasonableness of specific account balances. Analytical procedures are tests of controls used to evaluate the quality...
Analytical procedures are a critical part of audit work. Describe at least three (3) different analytical procedures and explain how to perform each. Specify what the results will reveal about the client
Analytical procedures are a critical part of audit work. Describe at least three (3) different analytical procedures and explain how to perform each. Specify what the results will reveal about the client
Analytical procedures are a critical part of audit work. Describe at least three (3) different analytical procedures and explain how to perform each. Specify what the results will reveal about the client.
Which of the following is a listing of details of the audit procedures to be used when testing controls and when conducting detailed substantive audit procedures? a. Audit program b. Audit data analytics c. Accounting records d. Analytical procedures
Consider AICPA guidance. Why should an auditor perform risk assessment procedures? Also, what are three risk assessment procedures an auditor should undertake in order to assess an entity's risks of material misstatement in an audit? Consider AICPA guidance. Can analytical procedures be used as a form of substantive testing? Citing from the applicable AU-C, justify your response. Locate the PCAOB's audit standard on performing integrated audits. When an auditor is reporting on the results of an audit, must the auditor...
1. A CPA has accepted an engagement in which inquiry and analytical procedures are the primary procedures to be performed. These procedures will form the basis for issuance of: A) A compilation report B) Audit report on supplemental information issued by the client C) An agreed-upon procedures report D) Review report on financial statements for a nonpublic company 2. Auditors frequently use analytical procedures as substantive tests, but this is not required by auditing standards. A) True B) False 3....
Analytical procedures are used during the planning phase of the audit, during the testing phase of the audit, and at the end of the audit. Match a purpose of performing the analytical procedures to the audit phase Planning phase (Preliminary analytic review) [选择] Test phase (Analytical procedures) [选择] Final phase (Final analytic review) | [ 选择] Ižt] To obtain evidence to support an account balance To determine that the auditor has a solid understanding of any variances from prior period...