The primary objective of analytical procedures used in the final review stage of an audit is to
A) Obtain evidence from details tested to corroborate management assertions.
B) Obtain evidence on the validity of the assessment of control risk.
C) Assist auditors in evaluating the overall financial statement presentation.
D) Identify areas that represent specific risks relevant to the audit.

Question

Quizplus · Accepted Answer

The primary objective of analytical procedures used in the final review stage of an audit is to assist auditors in evaluating the overall financial statement presentation. The focus is on the big picture and assessing whether the financial statements as a whole are free from material misstatement. Analytical procedures can be used in conjunction with other evidence-gathering techniques to provide a comprehensive view of the financial statements.

The Primary Objective of Analytical Procedures Used in the Final