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Analytical Procedures. What Is the Purpose of Using Analytical Review Procedures in Procedures

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Analytical procedures.
What is the purpose of using analytical review procedures in the final review stages of the audit?


Definitions:

Regression Equation

An equation that represents the relation between a dependent variable and one or more independent variables, used to predict the dependent variable.

Intercept

The point where a line crosses the y-axis in a graph, indicating the value of the dependent variable when the independent variable is zero.

Slope

A measure of the steepness of a line, often representing the rate of change in a linear relationship.

Linear Regression Equation

An equation used in statistics to model the relationship between a dependent variable and one or more independent variables.

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