Use of analytical procedures in auditing
How are the analytical procedures used in an audit engagement? What premise underlies the use of analytical procedures in auditing? What sources of information can an auditor use to develop expectations? Please provide examples.
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Explain the importance of defining the population when performing audit procedures? How would defining the population affect the sample size? How would incorrectly defining population affect sampling unit?
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How are analytical procedures employed in audit engagement? What premise underlies the use of analytical procedures in auditing? What sources of information can auditor use to develop expectations? Please provide examples.
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Identify and discuss 3 examples of routine or transactional change during your work experience.
Explain the purpose of engagement planning? What critical information should the auditor consider during engagement planning? How will this information affect the scope of the audit?
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