For Each of the Following Categories of Analytical Procedures,indicate (A)whether

question 10

Essay

For each of the following categories of analytical procedures,indicate (a)whether an auditor is required to use the procedure and (b)the purpose(s)of the procedure.
Preliminary analytical procedures
Substantive analytical procedures
Final analytical procedures

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Definitions:

Non-Value-Added Activities

Processes or tasks that do not add value or contribute to the customer's requirements or the product's market worth.

Quantify

To measure or express something as a quantity or in numerical terms.

Synergistic Benefits

The additional value created by combining two or more elements (companies, technologies, assets) that when integrated, produce a total effect greater than the sum of their individual effects.

Net Present Value

Net Present Value (NPV) is a financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time, used in capital budgeting to assess the profitability of an investment or project.