Develop audit procedures for the use of analytical procedures as a substantive procedure in the testing of the reasonableness of monthly payroll costs for the year

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 7RQSC: Professional guidance indicates that the auditor should consider revenue recognition to be high risk...
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  1. Develop audit procedures for the use of analytical procedures as a substantive procedure in the testing of the reasonableness of monthly payroll costs for the year
  2. Develop audit procedures for the use of analytical procedures in the planning phase  to identify significant changes in operating and financial activities of the firm over previous years
  3. Identify benefits of using analytical procedures in the audit process

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