Performing preliminary analytical procedures
Question 1. Discuss how you would perform preliminary analytical procedures and recommend ways to mitigate engagement risk and audit risk.Question 2. Analyze elements of the audit planning process and explain how you would prepare an audit program.
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Discuss how you would perform preliminary analytical procedures and recommend ways to mitigate engagement risk and audit risk.
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Explain the process and benefits of audit sampling. Assess risks inherent to selected transaction cycles.
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