Analytical procedures are least likely to be use in the audit of ndash ........

Auditing Vouching and verification

Analytical procedures are least likely to be use in the audit of –

Cash balance

Investments

Bills receivables

Debtors

- Cash Balance

- Cash is highly liquid and often subject to manipulation or theft.

- Analytical procedures might not be very effective due to the lack of predictable patterns.

- High reliance on other audit procedures like confirmations and substantive testing.

- Investments

- Investments can show trends, income patterns, and market valuations.

- Analytical procedures can help identify unusual fluctuations.

- Bills Receivables

- These have a predictable pattern and collection cycle.

- Analytical procedures can reveal inconsistencies or misstatements.

- Debtors (Accounts Receivable)

- Common analytical procedures include aging analysis and trend analysis.

- Helps identify slow payments or potential bad debts.

Cash balance is least likely to benefit from analytical procedures due to its nature.

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