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OPTION #1: ANALYTICAL PROCEDURES Obtain the most recent financial statements of a publicly traded company

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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.