_______ are used near the end of the audit to assist the auditor in forming an overall conclusion about whether the financial statements are consistent with the auditor's understanding of the entity.
A)Analytical procedures
B)Engagement procedures
C)Quality control procedures
D)Audit standards

Question

Quizplus · Accepted Answer

Analytical procedures are used in the final stages of an audit to assist the auditor in evaluating the financial statements as a whole and forming an overall conclusion about their accuracy and completeness. These procedures involve the evaluation of financial information through the analysis of relationships and trends, and are an important tool for ensuring that the financial statements are consistent with the auditor's expectations for the entity. Engagements procedures, quality control procedures, and audit standards are all important components of the audit process, but do not specifically relate to the use of analytical procedures in forming an overall conclusion.

_______ Are Used near the End of the Audit to Assist