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Answer to Question 1 2 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 4 Answer to Question 3 6 Answer to Question

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Holmes Institute Sydney

   

Audit, Assurance and Compliance (HI6026)

   

Added on  2020-03-02

About This Document

In the HI6026 - Audit, Assurance and Compliance Assignment, the Analytical method is considered one of the major tools for the analysis and evaluation of different kinds of accounting and financial documents of the business organizations like balance sheets, income statements, and many others. Analytical method of accounting and financial information is considered a major valuable approach at the time to prepare the audit reports of DoublePink Printers Limited (DIPL). In addition, with the assistance of the audit plan, the auditors become able to control the audit cost so that misunderstandings with the audit parties can be minimized.

Answer to Question 1 2 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 4 Answer to Question 3 6 Answer to Question

   

Holmes Institute Sydney

   

Audit, Assurance and Compliance (HI6026)

   Added on 2020-03-02

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Running head: AUDIT, ASSURANCE AND COMPLIANCEAudit, Assurance and ComplianceName of the StudentName of the UniversityAuthor’s Note
Answer to Question 1 2 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 4 Answer to Question 3 6 Answer to Question_1
1AUDIT, ASSURANCE AND COMPLIANCETable of ContentsAnswer to Question 1......................................................................................................................2Answer to Question 2......................................................................................................................4Answer to Question 3......................................................................................................................6References........................................................................................................................................8
Answer to Question 1 2 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 4 Answer to Question 3 6 Answer to Question_2
2AUDIT, ASSURANCE AND COMPLIANCEAnswer to Question 1Analytical method is considered as one of the major tools for the analysis and evaluationof different kinds of accounting and financial documents of the business organizations likebalance sheet, income statements and many others. Analytical method of accounting andfinancial information is considered as a major valuable approach at the time to prepare the auditreports of Double Pink Printers Limited (DIPL). With the assistance of audit plan, the auditors ofthe companies use to set the definite path of the audit operations. In addition, with the assistanceof audit plan, the auditors become able to control the audit cost so that misunderstanding with theaudit parties can be minimized. The financial managers of the companies become able to spreadthe required accounting and financial information in the organizations with the help of analyticalmethod of financial information. In this process, the financial managers can take the assistance ofdifferent methods of analytical approaches of the financial information. All these mechanisms ofanalytical methods help the financial managers of the companies in taking effective andappropriate financial decisions. In addition, the common sizing analytical approach provide greatassistance to the financial managers of the companies in anatomizing the financial informationfrom different point of views. Apart from this, at the time of preparing the financial statements ofthe organizations, the financial managers get great supports these analytical approaches (Healyand Palepu 2012). In order to verify the reporting process of the different kinds of items in the financialstatements, different process of analytical methods plays an integral part. For example, it can besaid that the financial reporting process of shareholder’s equity is very different from thereporting process of inventories and this can be determined with the help of analyticalapproaches. In this regard, the process of Benchmarking is considered as an important tool as the
Answer to Question 1 2 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 3 6 Answer to Question 4 Answer to Question 3 6 Answer to Question_3

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