Final/review analytical procedures are a key part of wrapping up the audit. Often times, the procedures involvereperforming risk assessment procedures done during planning and making sure that sufficient audit evidence wasobtained to explain any notable differences. Please complete the following questions.1. In Chapter 4, you were asked to identify customers with large total sales volume. One large customer was identifiedas having an unusually large balance.What substantive procedures should hav

Analytical Review | Definition, Purpose & Types

Analytical procedures are required in which stage of the audit?... | Filo