Analytical procedures _______.
A) are evaluations of financial information through analysis of plausible relationships among both financial and non-financial data
B) are evaluations of financial information through analysis of plausible relationships using financial data only
C) are evaluations of financial information through analysis of plausible relationships using non-financial data only
D) are optional, and generally unnecessary if the system of internal control is strong
Correct Answer:
Verified
Q43: Examples of initial procedures that an auditor
Q44: The use of analytical procedures _.
A)is optional
Q45: Roll-forward procedures relate to _.
A)auditors updating their
Q46: Before auditors can use substantive analytical procedures,
Q47: Examples of analytical procedures include _.
A)ratio analysis
B)trend
Q49: A dual-purpose test _.
A)involves the auditors designing
Q50: If during risk assessment auditors have identified
Q51: Some substantive procedures can only be performed
Q52: The cutoff assertion for sales means _.
A)that
Q53: When conducting a substantive analytical procedure, _.
A)auditors
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