HI6026 Audit Assurance and Compliance Assignments

Added on -2020-02-24

| HI6026| 10 pages| 1414 words| 52 views

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Audit, Assurance and Compliances1 | Page
Table of ContentsSolution 1....................................................................................................................................................3Solution 2....................................................................................................................................................8Solution 3....................................................................................................................................................9References.................................................................................................................................................102 | Page
Solution 1Analytical procedures are the processes of audit by the auditor to take the better clarity and understanding of clients business and changes in his business. Analytical procedures also helps to identify the potential risk areas to plan the further audit processes (Moreno, et. al., 2007). It also encompasses investigation as is necessary of identified fluctuations or relationships that are inconsistent with other relevant information or that differ from expected values by a significant amount (McDaniel, et. al., 2007). The auditor in the present scenario examine all the financial ratios to check the field of investigation that where he need to take extra care and due vigilance during the audit procedure. Applications of analytical procedure to the financial report information of Double Ink Printers Ltd. for the last three years are as follows:3 | Page

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