Analytical procedures performed near the end of an audit generally include
A)Considering unusual or unexpected account balances that were not previously identified.
B)Performing tests of transactions to corroborate management's financial statement assertions.
C)Gathering evidence concerning account balances that have not changed from the prior year.
D)Retesting control activities that appeared to be ineffective during the assessment of control risk.

Question

Quizplus · Accepted Answer

Analytical procedures near the end of an audit are used to assess the overall financial statement presentation and to identify any unusual or unexpected account balances that may require further investigation.

Analytical Procedures Performed near the End of an Audit Generally