Unformatted text preview: 3. Indicate possible misstatements 4. Reduce detailed tests II. Analytical procedures A. Compare client and industry data B. Compare client data with similar prior-period data 1. Compare current year balance with that of previous year 2. Compare the detail of a total balance with detail from the previous year 3. Compute ratios and percent relationships for comparison with previous years 4. Compare client data with auditor-determined expected results...
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- Fall '12
- Management, Assess client business, Compare client data, A. Initial audit