Analytical Procedures Consist of Evaluations of Financial Information Made by a Study

question 66

Essay

Analytical procedures consist of evaluations of financial information made by a study of plausible relationships among both financial and nonfinancial data.They range from simple comparisons to the use of complex models involving many relationships and elements of data.They involve comparisons of recorded amounts,or ratios developed from recorded amounts,to expectations developed by auditors.
Required:
a.Describe the broad purposes of analytical procedures.
b.Identify the sources of information from which an auditor develops expectations.

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Definitions:

Anxiety Elimination

Anxiety elimination refers to strategies or treatments aimed at reducing or removing the feelings of anxiety and its physiological and psychological manifestations.

Modeling

Modeling is a learning technique where individuals learn behaviors, attitudes, or emotional expressions through the observation of others.

Relational Psychoanalytic Therapy

A therapeutic approach that emphasizes the importance of interpersonal relationships and the therapist-client relationship in psychological development and healing.

Short-term Psychodynamic Therapy

A therapeutic approach that focuses on uncovering and working through unconscious processes, in a brief timeframe.