ISA 520 – NBC Institute

AA – Dec 2022 – L2 – Q4a – Audit and Assurance Evidence

Explains the term "analytical procedures" and discusses the types and uses of analytical procedures in an audit.

Question

You are an Audit Assistant of Apakye & Associates, a firm of Chartered Accountants. Your firm engaged an intern who would like to know more about analytical procedures.

Required:
With reference to ISA 520: Analytical Procedures,
i) Explain the term ‘analytical procedures’.
ii) Explain the different types of analytical procedures available to the auditor.
iii) Describe THREE (3) situations in the course of audit when analytical procedures can be used.

Answer

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Tags: Analytical procedures, Audit Procedures, Financial Statements, ISA 520, Risk Assessment
Level: Level 2

Topic: Audit and Assurance Evidence
Series: DEC 2022

AA – April 2022 – L2 – Q1b – Audit and Assurance Evidence

Explain five factors that determine reliance on analytical procedures.

Question

ISA 520: “Analytical Procedures” provides guidance to auditors on the use of analytical procedures during the course of an external audit.

Required:
Explain FIVE (5) factors to consider when determining the extent of reliance that can be placed on the results of such procedures. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Analytical procedures, Audit, ISA 520, Reliance Factors
Level: Level 2

Topic: Audit and Assurance Evidence
Series: APR 2022

AA – Dec 2022 – L2 – Q4a – Audit and Assurance Evidence

Explains the term "analytical procedures" and discusses the types and uses of analytical procedures in an audit.

Question

You are an Audit Assistant of Apakye & Associates, a firm of Chartered Accountants. Your firm engaged an intern who would like to know more about analytical procedures.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Analytical procedures, Audit Procedures, Financial Statements, ISA 520, Risk Assessment
Level: Level 2

Topic: Audit and Assurance Evidence
Series: DEC 2022

AA – April 2022 – L2 – Q1b – Audit and Assurance Evidence

Explain five factors that determine reliance on analytical procedures.

Question

ISA 520: “Analytical Procedures” provides guidance to auditors on the use of analytical procedures during the course of an external audit.

Required:
Explain FIVE (5) factors to consider when determining the extent of reliance that can be placed on the results of such procedures. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Analytical procedures, Audit, ISA 520, Reliance Factors
Level: Level 2

Topic: Audit and Assurance Evidence
Series: APR 2022

Question Tag: ISA 520

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AA – Dec 2022 – L2 – Q4a – Audit and Assurance Evidence

Explains the term "analytical procedures" and discusses the types and uses of analytical procedures in an audit.

AA – April 2022 – L2 – Q1b – Audit and Assurance Evidence

Explain five factors that determine reliance on analytical procedures.

AA – Dec 2022 – L2 – Q4a – Audit and Assurance Evidence

Explains the term "analytical procedures" and discusses the types and uses of analytical procedures in an audit.

AA – April 2022 – L2 – Q1b – Audit and Assurance Evidence

Explain five factors that determine reliance on analytical procedures.

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Question Tag: ISA 520

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AA – Dec 2022 – L2 – Q4a – Audit and Assurance Evidence

Explains the term "analytical procedures" and discusses the types and uses of analytical procedures in an audit.

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AA – April 2022 – L2 – Q1b – Audit and Assurance Evidence

Explain five factors that determine reliance on analytical procedures.

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AA – Dec 2022 – L2 – Q4a – Audit and Assurance Evidence

Explains the term "analytical procedures" and discusses the types and uses of analytical procedures in an audit.

You're reporting an error for "AA – Dec 2022 – L2 – Q4a – Audit and Assurance Evidence"

AA – April 2022 – L2 – Q1b – Audit and Assurance Evidence

Explain five factors that determine reliance on analytical procedures.

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