Problem

Analytical procedures consist of evaluations of financial information made by a study of p...

Analytical procedures consist of evaluations of financial information made by a study of plausible relationships among both financial and nonfinancial data. They range from simple comparisons to the use of complex models involving many relationships and elements of data. They involve comparisons of recorded amounts or ratios developed from recorded amounts to expectations developed by auditors.

Required:

A. Describe the broad purposes of analytical procedures.

B. Identify the sources of information from which an auditor develops expectations.

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