Audit procedure is part of internal control performed by the auditor, to gather the possible document that helps the auditors to make a strong conclusion. The audit procedure helps to determine the nature of the financial information provided by the customers and all kinds of risks that occur in the financial statements. An analytical procedure is a part of audit procedure that evaluates the financial statement by comparing the financial data with the non-financial data. To define: the following record, production schedule, material requisition, inventory master file, production data information, cost accumulation, and variance report.

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Chapter 13, Problem 13.3RQ

To determine

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Audit procedure is part of internal control performed by the auditor, to gather the possible document that helps the auditors to make a strong conclusion. The audit procedure helps to determine the nature of the financial information provided by the customers and all kinds of risks that occur in the financial statements. An analytical procedure is a part of audit procedure that evaluates the financial statement by comparing the financial data with the non-financial data.

To define: the following record, production schedule, material requisition, inventory master file, production data information, cost accumulation, and variance report.

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