What analytical procedures are in the context of an audit

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Question -

1. Why management assertions are a useful concept for auditors? How does it help the auditor? How does it help better understand the financial statements and the accounting behind the financial statements?

2. What analytical procedures are in the context of an audit, and how they are used in the planning phase? What are the strengths and weaknesses of these procedures? How do they impact the audit?

Reference no: EM133166118

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