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Which one is not an analytical procedure

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Problem 1: Your colleague, an audit senior associate used analytical procedures at his client, Vancouver Vacation Planning Ltd. Which one of these is not an analytical procedure?

a) Estimate revenue for the company by multiplying trips sold by average price of vacation packages.

b) Compare wages month by month for this year and last year.

c) All of these answers are analytical procedures

d) Discuss unusual fluctuations in key accounts compared to last year with client personnel.

e) Recalculate the depreciation expense for the year.

Problem 2: Which of the following is typically not considered when assessing inherent risk?

a) Results of previous audits

b) Related parties

c) Client motivation to misstate financial statements

d) Client's internal control systems

e) Knowledge of the competitive environment

Reference no: EM132622789

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