Discuss Three Examples of Analytical Procedures an Auditor Might Perform

question 47

Essay

Discuss three examples of analytical procedures an auditor might perform while auditing the sales and collection cycle.Also discuss the potential misstatement(s)that may be revealed by each analytical procedure.

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Definitions:

Smooth Muscle

A type of muscle found within the walls of organs and structures such as the stomach, intestines, and blood vessels, controlling involuntary movements.

Voluntary

Actions or decisions made by free choice, without external coercion.

Cardiac

Relating to the heart and its functions in health and disease.

Osteoarthritis

A degenerative joint disease characterized by the breakdown and eventual loss of joint cartilage.