The purpose of Part I is to perform preliminary analytical procedures as part of the auditplanning process. You have been asked to focus your attention on two purposes of analyticalprocedures: obtain an understanding about the client’s business and indicate where there is anincreased likelihood of misstatements.
a. Refer to the financial statement data in Figure for the current year and prior two years.Analyze the year-to-year change in account balance for at least five financial statement lineitems. Document the trend analysis in a format similar to the following:.:.
b. Calculate at least five common ratios shown on page 232-233 and document them in aformat similar to the following:
Ratio 2011 2010 2009
Current ratio
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