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three stages of an audit

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There are three stages of the audit in which analytical procedures are performed. Identify one of these three stages and discuss the purpose of performing analytical procedures in that stage. Also, indicate whether analytical procedures are required by current professional auditing standards.

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This posting helps with an auditing problem. It discusses the three stages of an audit in which analytical procedures are performed. It also identifies one of the stages and discusses the purposes of performing analytical procedures. References are included in the solution.

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There are three stages of the audit in which analytical procedures are performed. Identify one of these three stages and discuss the purpose of performing analytical procedures in that stage. Also, indicate whether analytical procedures are required by current professional auditing standards.

The stage that has been selected where analytical procedures are used for auditing is the planning stage. At this stage, the use of analytical procedures is to improve the perception of the client and find out specific ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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