The auditor must perform final analytical procedures before deciding on the appropriate audit report to issue for the entity.

Question

Quizplus · Accepted Answer

Final analytical procedures are a required step in the audit process to evaluate the reasonableness of financial information and to identify any potential misstatements, fraud, or errors. The results of these procedures are considered by the auditor when determining the type of audit opinion to issue. Therefore, it is true that the auditor must perform final analytical procedures before deciding on the appropriate audit report to issue for the entity.

The Auditor Must Perform Final Analytical Procedures Before Deciding on the Appropriate