Answered: Describe FOUR matters that an auditor…

Describe FOUR matters that an auditor needs to keep in mind when considering how useful the application of analytical procedures will be as an audit procedure.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter6: Audit Evidence

Section: Chapter Questions

Problem 13RQSC

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Question

Describe FOUR matters that an auditor needs to keep in mind when considering how useful the application of analytical procedures will be as an audit procedure.

Definition Definition Methods and techniques used by the auditor to gather the appropriate evidence so that a true and fair judgment can be made on the quality of the financial statements of the client. Audit procedures are developed after determining audit objectives, scope, approach, and risk assessment.

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