Analytical procedures, Reasonableness tests are used to see if a movement in a number or ratio is within a reasonable variation from our expectation., Test of detail, A substantive audit procedure used to examine the supporting evidence of individual transactions, account balances, or disclosures to verify their accuracy and completeness., Enquiry, Seeking information from knowledgeable persons linked to the client entity, External confirmation, Auditors obtain direct written responses from third parties to confirm specific information., Inspection, Inspecting assets or documents, but it can also be used to confirm the existence of buildings that are recorded as non-current assets., Observation, Attending the year-end inventory count to watch staff count inventory to ensure they follow the correct steps., Recalculation, Independently checking the mathematical accuracy of the client’ records or documents., Reperformance, Manually executing an entire control procedure to see if it actually works in practice.

Audit procedures

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