Analytical procedurinvolve an evaluation of financial information by studying plausible relationships among both financial and non-financial data.

Question

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Analytical procedures in auditing involve analyzing financial information and evaluating relationships with non-financial information to assess the reasonableness of financial statements. This helps auditors to detect any anomalies or inconsistencies that require further investigation.

Analytical Procedurinvolve an Evaluation of Financial Information by Studying Plausible