Auditors must perform analytical procedures at the beginning (and end) of every audit. The purpose of these tests is to identify potential problems areas so that audit work can be tailored and designed to avoid missing important events, transactions, etc.
Using the Apollo Shoes Inc case from McGraw-Hill, complete an analytical review.
The computations are in excel, attached, with notes in red next to the areas of concern.
Analytical Procedures Memo
There are a number of concerns based on the common sizing and ...
The computations are in excel, attached, with notes in red next to the areas of concern. Ten areas of concern are mentioned (bullet list).