Analytical Procedures Are Substantive Procedures That May Be Used to Provide

question 37

Essay

Analytical procedures are substantive procedures that may be used to provide evidence about specific accounts and classes of transactions.
a.Describe three major types of comparisons the auditor might make in performing analytical procedures.
b.At what stages of the audit are analytical procedures performed and what purpose do they serve at each stage?

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Definitions:

Abstract Reasoning Skills

The ability to analyze information, detect patterns and relationships, and solve problems on a complex level beyond what is concretely presented.

Piaget

Refers to Jean Piaget, a Swiss psychologist known for his work on cognitive development in children.

Detective Game

A game designed around solving mysteries or uncovering secrets, often involving clues, puzzles, and logical reasoning.

Intellectual Development

The process of development in cognitive abilities, including thinking, reasoning, problem-solving, and learning.