Corey Hill used analytical procedures at his client, Ultimate Vacations. Which one of these is not an analytical procedure?
A) Send confirmations to major customers.
B) Estimate revenue for Ultimate Vacations by multiplying trips sold by average price of vacation packages.
C) Discuss unusual fluctuations with client personnel.
D) Compare wages month by month for this year and last year.

Question

Quizplus · Accepted Answer

Sending confirmations to major customers is a substantive procedure, not an analytical procedure. Analytical procedures involve analyzing relationships between financial and non-financial data to identify fluctuations or unusual patterns that may indicate potential risks or errors. The other options listed all involve analyzing data to identify unusual fluctuations or patterns.

Corey Hill Used Analytical Procedures at His Client, Ultimate Vacations