@mjp44…
I think this is the best way to explain the difference:
Using dollar values as an example, analytical procedures are comparing two sets of information, such as this years interest expense and prior year interest expense (remember, substantive procedures are best used on predictible accounts, like the income statement)…
Examination of evidence is after doing audit procedures, like tracing interest expense payments back to broker or bank statements, examining that evidence you obtained to make sure the accounts are reasonable. Examination of evidence doesn't have to be connected with analytics
Hope this helps!
AUD - July 2014 - 76
REG - August 2014 - 82
FAR - November 2014 - 78
BEC - January 2015 - 81
DONE!!!!
Used Becker online. Who needs a text when you can burn your eyes out staring at the screen for months on end?
"Let me tell you something you already know. The world ain't all sunshine and rainbows. It is a very mean and nasty place and it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't how hard you're hit; it's about how hard you can get hit, and keep moving forward. How much you can take, and keep moving forward. That's how winning is done!"
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