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Stage 1 ;suitability of SAP

Auditing

balance sheet items can be compared with entities which operate in same industry right? with their asserts like fixed asserts,debtors stock etc..and we can compare year on year closing balances of the same entity to find unsual increase or decrease right? Video Details P5 Auditing and Code of Ethics (New) Audit Evidence - SA 520 4. Suitability of Analytical Procedures

Satha Sivam

CA Inter

★ 6K+

20-Feb-24 10:55

Answers (2)

Assets and liabilities are not usually preferred for Analytical procedure. they are usually preferred for income and expenditure which is predicatble. Buildings are not purchased everywhere or sold everywhere, or show any kind of trend.