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As you know, you are a part of the Department for New Audit Client Research of a national audit & assurance firm RAA LLP. The PIC is interested in your group conducting some additional planning-level audit steps related to the cvs Pharmacy. a) What are the Professional Standards and Guides Directly Relevant to using Advanced Analytics? B)Prepare a summary of recent research on advanced analytical methods in F/S auditing emphasizing what our audit team can apply to actual audits. Begin your review with the classic study published by Stringer [1975] published in the Journal of Accounting Research. C)[ Simple Trend-line Regression]: Using a simple regression approach: Determine an unaudited amount for total 2014 revenues based on the 3 quarters of unaudited data available and an estimate of fourth quarter using same increase from 3rd quarter as in 2013
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