An analytical procedure is a part of audit procedure that evaluates the financial statement by comparing the financial data with the non-financial data.A substantive analytical procedure helps to identify the shreds of evidence related to a particular transaction, or it helps to collect the reasonable evidence for a specific assertion. . To discuss: Two substantive analytical procedures that used to provide audit evidence related to the payroll expenses and payroll-related liability

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Chapter 12, Problem 12.11RQ

To determine

Concept Introduction:An analytical procedure is a part of audit procedure that evaluates the financial statement by comparing the financial data with the non-financial data.A substantive analytical procedure helps to identify the shreds of evidence related to a particular transaction, or it helps to collect the reasonable evidence for a specific assertion. .

To discuss: Two substantive analytical procedures that used to provide audit evidence related to the payroll expenses and payroll-related liability

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Describe TWO (2) audit procedures to be performed in the audit of payroll transactions in addressing the risk of overstatement.

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Answer 2

Question

Chapter 12, Problem 12.11RQ

To determine

Concept Introduction:An analytical procedure is a part of audit procedure that evaluates the financial statement by comparing the financial data with the non-financial data.A substantive analytical procedure helps to identify the shreds of evidence related to a particular transaction, or it helps to collect the reasonable evidence for a specific assertion. .

To discuss: Two substantive analytical procedures that used to provide audit evidence related to the payroll expenses and payroll-related liability

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Answer 3

Question

Chapter 12, Problem 12.11RQ

To determine

Concept Introduction:An analytical procedure is a part of audit procedure that evaluates the financial statement by comparing the financial data with the non-financial data.A substantive analytical procedure helps to identify the shreds of evidence related to a particular transaction, or it helps to collect the reasonable evidence for a specific assertion. .

To discuss: Two substantive analytical procedures that used to provide audit evidence related to the payroll expenses and payroll-related liability

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Answer 4

Question

Chapter 12, Problem 12.11RQ

To determine

Concept Introduction:An analytical procedure is a part of audit procedure that evaluates the financial statement by comparing the financial data with the non-financial data.A substantive analytical procedure helps to identify the shreds of evidence related to a particular transaction, or it helps to collect the reasonable evidence for a specific assertion. .

To discuss: Two substantive analytical procedures that used to provide audit evidence related to the payroll expenses and payroll-related liability

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Answer 5

Chapter 12, Problem 12.11RQ

To determine

Concept Introduction:An analytical procedure is a part of audit procedure that evaluates the financial statement by comparing the financial data with the non-financial data.A substantive analytical procedure helps to identify the shreds of evidence related to a particular transaction, or it helps to collect the reasonable evidence for a specific assertion. .

To discuss: Two substantive analytical procedures that used to provide audit evidence related to the payroll expenses and payroll-related liability

Answer 6

Chapter 12, Problem 12.11RQ

To determine

Concept Introduction:An analytical procedure is a part of audit procedure that evaluates the financial statement by comparing the financial data with the non-financial data.A substantive analytical procedure helps to identify the shreds of evidence related to a particular transaction, or it helps to collect the reasonable evidence for a specific assertion. .

To discuss: Two substantive analytical procedures that used to provide audit evidence related to the payroll expenses and payroll-related liability

Answer 7

Chapter 12, Problem 12.11RQ

To determine

Concept Introduction:An analytical procedure is a part of audit procedure that evaluates the financial statement by comparing the financial data with the non-financial data.A substantive analytical procedure helps to identify the shreds of evidence related to a particular transaction, or it helps to collect the reasonable evidence for a specific assertion. .

To discuss: Two substantive analytical procedures that used to provide audit evidence related to the payroll expenses and payroll-related liability

Answer 8

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Answer 9

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Answer 11

Ch. 12 - Prob. 12.1RQ Ch. 12 - Prob. 12.2RQ Ch. 12 - Prob. 12.3RQ Ch. 12 - Prob. 12.4RQ Ch. 12 - Prob. 12.5RQ Ch. 12 - Prob. 12.6RQ Ch. 12 - Prob. 12.7RQ Ch. 12 - Prob. 12.8RQ Ch. 12 - Prob. 12.9RQ Ch. 12 - Prob. 12.10RQ

Solution Summary: The author explains substantive analytical procedures used to provide audit evidence related to payroll expenses and payroll-related liability.

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