Question

Analytical procedures are used in the overall overview to corbornate conclusions formed during the audit. TRUE...

Analytical procedures are used in the overall overview to corbornate conclusions formed during the audit.

TRUE OR FALSE?

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Answer #1

Answer:

This stement is false.

Analytical procedure consists of evaluation of financial information made by a study of plausible relationships among both financial and non financial data. Analytical procedures also encompass the investigation of identified fluctuation and relationships that are inconsistant with other relevant information or deviate significantly from predicted amounts.

Hopet his meets your purpose.

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