Analytical Procedures Are One Type of Evidence Gathering Procedure

question 10

Essay

Analytical procedures are one type of evidence gathering procedure. According to auditing standards, there are five general forms of analytical procedures. Auditing standards also provide examples of five sources of information for analytical procedures.Required:Describe three of the five general forms of analytical procedures. For each form, describe a typical source of the information for the form. For each source, include any questions or concerns an auditor would have about the reliability or relevancy of the source.

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Definitions:

Parasympathetic Nervous System

The division of the autonomic nervous system that conserves energy and restores the body to a state of calm.

Fight-Or-Flight

A physiological response to perceived threats, preparing the body to fight or flee.

Rest And Digest

Describes the activity of the parasympathetic nervous system, promoting a state of calm and supporting digestive and recuperative processes.

Memory

The faculty by which the mind stores and remembers information.