When does an auditor do analytical procedures

Assignment Help Econometrics

Reference no: EM131048120

Analytical Procedures. Analytical procedures are typically done during the planning phase. Required:

A. Define analytical procedures.

B. Other than during planning, when does an auditor do analytical procedures?

C. Name five ratios that an auditor could use to do analytical review and briefly describe each.

Reference no: EM131048120

Questions Cloud

Applications of erd in modeling real-world applications : Construct the Entity Relationship Diagram (ERD) for the above given scenario. Identify all the entities, attributes of each entity including primary key, relationship between the entities and cardinality constraints. State any assumptions necessar..

Performing ratio analysis-journal entries for transactions : Preparing a Complete Set of Financial Statements, and Performing Ratio Analysis LO4-1, 4-2, 4-3, 4-4 [The following information applies to the questions displayed below.] Brothers Mike and Tim Hargen began operations of their tool and die shop (H & H..

Why analytical procedures are considered substantive tests : List several types of comparisons an auditor might make in performing analytical procedures.

Manufacturing plant-find the rate of return : You are considering an upgrade at a chip manufacturing plant. A new VLSI testing station costs $100,000, installed. It will save $50,000 per year in labor costs. Use five-year tax life and a tax rate of 40%. Find the rate of return (IRR)

When does an auditor do analytical procedures : when does an auditor do analytical procedures?

Two out of the three types of development : 2. Evaluate a study for each of the two types of development you have chosen, that could be used within the topic of attachment to either support or refute the idea you have presented. Appropriate studies for you to evaluate have been given in the..

Begin paying annual dividends : NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $0.45 a share. The following dividends will be $0.50, $0.65, and $0.95 a share annually for the following three years, respec..

Divided between a capital gains yield and a dividend yield : Suppose you know that a company’s stock currently sells for $63 per share and the required return on the stock is 13 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If it..

About the cost of trade credit : Cost of Trade Credit Calculate the nominal annual cost of nonfree trade credit under each of the following terms. Assume payment is made either on the due date or on the discount date. Assume 365 days in year for your calculations. Do not round inter..

User Account

All Pages