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Unformatted text preview: Purpose Assess going concern Secondary Purpose Secondary Purpose Indicate possible misstatements (attention directing) Primary Purpose Secondary Purpose Primary Purpose Reduce detailed tests Secondary Purpose Primary Purpose Analytical Procedures: How? Developing analytical procedures is a 4-step process (1) the development of an expectation (2) the identification of fluctuations (3) the investigation of material fluctuations (4) the evaluation of the likelihood of material misstatements being present in the F/S...
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- Fall '08
- analytical procedures, primary purpose, Purposes of Analytical Procedures, secondary purpose, Substantive Testing Phase