Option #1: Analytical Procedures
Obtain the most recent financial statements of a publicly traded company. The Annual report or 10K report would be a great resource for this problem.
- Identify specific account balances for which substantive analytical procedures would be appropriate and discuss your reasoning for selecting these accounts.
- Describe in detail the type of substantive analytical procedures that would be used for these account balances and why this would be an effective test of the account balances.
