Why might we want to develop these initial expectations, Ask an Expert

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1. Why might we want to develop these initial expectations prior to beginning our analytical procedures?

2. On a standard financial statement audit, which employees within an organization would likely be a good source for the audit team?

3. Why do you think audit teams sometimes rely too much on a standard checklist or prior year fieldwork?

4. What sort of pressure do you think the auditors typically feel on an engagement? How does this impact their performance?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M951104

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