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Tresset [83]
2 years ago
12

Analytical procedures are audit methods of evaluating financial statement accounts by studying and comparing relationships among

financial and nonfinancial data. The primary purpose of analytical procedures conducted during the planning stages is to: Multiple Choice identify the appropriate schedules to be prepared by the client. identify unusual conditions that deserve additional audit effort. determine the existence of unrecorded liabilities or overstated assets. identify the types of errors or frauds that can occur in transactions.
Business
1 answer:
olga2289 [7]2 years ago
8 0

The primary purpose of analytical procedures conducted during the planning stage is identifying unusual conditions that deserve additional audit effort.

<h3>What is analytical procedures?</h3>

Analytical procedures are audit methods of evaluating financial statement accounts by studying and comparing relationships among financial and nonfinancial data.

To identify unusual conditions that deserve additional audit support is the primary purpose of analytical procedures conducted during the planning stage.

Therefore, B is the correct option.

Learn more about analytical procedures here:

brainly.com/question/15840652

#SPJ1

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Why do​ long-run elasticities of demand differ from​ short-run elasticities? ​long-run elasticities of demand differ from​ short
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I think the most appropriate answer would be B.



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5 0
3 years ago
The accounting records of Baddour Company provided the data below.
Tom [10]

Answer:

Net cash flow from operating activities $1,700

Explanation:

The preparation of the reconciliation of net income to net cash flows from operating activities is shown below:

Net loss -$5,000

Add: Depreciation expense 6,000

Add: Increase in salaries payable 500

Add: Decrease in accounts receivable 2,000

Less; Increase in inventory 2,300

Add; Amortization of patent 300

Add; Reduction in discount on bonds 200

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5 0
3 years ago
Ritchie orders 1000 widgets from Cunningham Widget Co. The widgets are stored in Al's Warehouse. Under the contract, CWC is requ
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Answer:

when CWC gives Richie a warehouse receipt for the widgets

Explanation:

3 0
3 years ago
An airline has 365 planes. Each plane requires routine preventative maintenance for which it is taken out of service and sent to
Yanka [14]

Answer:

D. 1168 planes/year

Explanation: Flow rate is a term used to describe the amount of a material or a particle or an equipment or a machine that enters into a given place or system in a given period of time.

The average flow rate per year of the planes into the maintenance facility is calculated as follows

Number of planes requiring 2times yearly maintenance is 40% which

is equal to (40÷100)*365planes=146planes.

The number of planes requiring 4times routine maintenance is equal to 60% which is equal to (60÷100)*365planes=219planes.

THE FLOW RATE FOR THOSE REQUIRING TWO TIMES ROUTINE MAINTENANCE WILL BE 146PLANES*2=292 FLOW RATE.

THE FLOW RATE FOR THOSE REQUIRING FOUR TIMES ROUTINE MAINTENANCE WILL BE 219PLANES*4=876PLANES

TOTAL AVERAGE FLOW RATE PER YEAR WILL BE EQUAL TO 292PLANES + 876PLANES=1168PLANES PER YEAR.

7 0
4 years ago
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