ALYTICALPROCEIURES Analytical procedures used in planning the audit should focus on: 1. Material weaknesses in internal control 2. Predictability of financial data from individual transactions 3. The various assertions that are embodied in the financial statements 4. Areas that may represent specific risks relevant to the audit. Auditing, 8/E @2000 Prentice hall. IncArens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. Analytical procedures used in planning the audit should focus on: 1. Material weaknesses in internal control. 2. Predictability of financial data from individual transactions. 3. The various assertions that are embodied in the financial statements. 4. Areas that may represent specific risks relevant to the audit