Video: Analytical & Other Procedures Overview

This lesson provides an overview of analytical and other procedures commonly used in the auditing process. It covers the importance of ratios, analytical procedures, and comparisons of prior year financial statements to the current year, with a focus on identifying significant fluctuations between financial statement accounts, balances, and transactions. The lesson also discusses when and how these procedures are utilized throughout the audit process, and how they ultimately contribute to reaching a final audit opinion.

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Substantive Testing & Internal Controls
Module: 3 Concepts, 45 Videos