Analytical audit procedures are audit techniques which aim to highlight possible exceptions and high-risk audit items by taking advantage of relationships exhibited by various audit items. A comparison of current year revenues and expenses with past year revenue and expenses is a analytical audit procedure which is aimed to find out changes in these figures year on year, a higher percentage of change than expected change would indicate that the general relationship which was expected is not followed and therefore, further investigation is required to find out the cause. To select: The correct option.

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Answer 1

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Chapter 15, Problem 15.19MCQ

To determine

Introduction:

Analytical audit procedures are audit techniques which aim to highlight possible exceptions and high-risk audit items by taking advantage of relationships exhibited by various audit items.

A comparison of current year revenues and expenses with past year revenue and expenses is a analytical audit procedure which is aimed to find out changes in these figures year on year, a higher percentage of change than expected change would indicate that the general relationship which was expected is not followed and therefore, further investigation is required to find out the cause.

To select: The correct option.

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Answer 2

Question

Chapter 15, Problem 15.19MCQ

To determine

Introduction:

Analytical audit procedures are audit techniques which aim to highlight possible exceptions and high-risk audit items by taking advantage of relationships exhibited by various audit items.

A comparison of current year revenues and expenses with past year revenue and expenses is a analytical audit procedure which is aimed to find out changes in these figures year on year, a higher percentage of change than expected change would indicate that the general relationship which was expected is not followed and therefore, further investigation is required to find out the cause.

To select: The correct option.

Expert Solution & Answer

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Answer 3

Question

Chapter 15, Problem 15.19MCQ

To determine

Introduction:

Analytical audit procedures are audit techniques which aim to highlight possible exceptions and high-risk audit items by taking advantage of relationships exhibited by various audit items.

A comparison of current year revenues and expenses with past year revenue and expenses is a analytical audit procedure which is aimed to find out changes in these figures year on year, a higher percentage of change than expected change would indicate that the general relationship which was expected is not followed and therefore, further investigation is required to find out the cause.

To select: The correct option.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 4

Question

Chapter 15, Problem 15.19MCQ

To determine

Introduction:

Analytical audit procedures are audit techniques which aim to highlight possible exceptions and high-risk audit items by taking advantage of relationships exhibited by various audit items.

A comparison of current year revenues and expenses with past year revenue and expenses is a analytical audit procedure which is aimed to find out changes in these figures year on year, a higher percentage of change than expected change would indicate that the general relationship which was expected is not followed and therefore, further investigation is required to find out the cause.

To select: The correct option.

Expert Solution & Answer

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Answer 5

Chapter 15, Problem 15.19MCQ

To determine

Introduction:

Analytical audit procedures are audit techniques which aim to highlight possible exceptions and high-risk audit items by taking advantage of relationships exhibited by various audit items.

A comparison of current year revenues and expenses with past year revenue and expenses is a analytical audit procedure which is aimed to find out changes in these figures year on year, a higher percentage of change than expected change would indicate that the general relationship which was expected is not followed and therefore, further investigation is required to find out the cause.

To select: The correct option.

Answer 6

Chapter 15, Problem 15.19MCQ

To determine

Introduction:

Analytical audit procedures are audit techniques which aim to highlight possible exceptions and high-risk audit items by taking advantage of relationships exhibited by various audit items.

A comparison of current year revenues and expenses with past year revenue and expenses is a analytical audit procedure which is aimed to find out changes in these figures year on year, a higher percentage of change than expected change would indicate that the general relationship which was expected is not followed and therefore, further investigation is required to find out the cause.

To select: The correct option.

Answer 7

Chapter 15, Problem 15.19MCQ

To determine

Introduction:

Analytical audit procedures are audit techniques which aim to highlight possible exceptions and high-risk audit items by taking advantage of relationships exhibited by various audit items.

A comparison of current year revenues and expenses with past year revenue and expenses is a analytical audit procedure which is aimed to find out changes in these figures year on year, a higher percentage of change than expected change would indicate that the general relationship which was expected is not followed and therefore, further investigation is required to find out the cause.

To select: The correct option.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 15 - Prob. 15.1RQ Ch. 15 - Prob. 15.2RQ Ch. 15 - Prob. 15.3RQ Ch. 15 - Prob. 15.4RQ Ch. 15 - Prob. 15.5RQ Ch. 15 - Prob. 15.6RQ Ch. 15 - Prob. 15.7RQ Ch. 15 - Prob. 15.8RQ Ch. 15 - Prob. 15.9RQ Ch. 15 - Prob. 15.10RQ

Solution Summary: The author explains that analytical audit procedures aim to highlight possible exceptions and high-risk audit items by taking advantage of relationships exhibited by various audit item.

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Chapter 15 Solutions