One objective of performing analytical procedures in planning an audit is to identify:

Please list a reproduction EPD, provide the abbreviation and what it stands for.

What are accuracy values?

Which assertion is impacted when a company recognizes revenue for a sales order that has not yet  been delivered?

The following are examples of analytical procedures, except: 

Which situation constitutes the highest level of fraud risk?

In the risk assessment phase of the audit, several key internal controls are found to be deficient and the entity-level inherent risk of the company is assessed as high. Would the audit team want to set detection risk at a high or low level for the audit and how would that affect the extent of substantive procedures?

Why do you want a heifer to calve early in the calving season? Please explain the domino effect. Please put detail into your answer to receive full points. 

Which metric is least likely to be the basis for audit materiality?

What may result from an auditor’s decision to decrease the acceptable level of detection risk?