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Analytical procedures are required on every audit. Should the procedure be performed before or after the calculation...

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Accounting

Analytical procedures are required on every audit.

  1. Should the procedure be performed before or after thecalculation of the expected result?
  2. If the result of an analytical procedure differs significantlyfrom the expectation, is that conclusive evidence that there is anerror in the books?
  3. If the result of an analytical procedure differingsignificantly from the expectation does not necessarily mean thebooks are in error, what does it mean?

Answer & Explanation Solved by verified expert
4.3 Ratings (960 Votes)
a Analytical procedures should be performed before the calculation of expected result This is to prevent bias in judgement by auditor in determination of threshold before the calculation of difference between expectation    See Answer
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