Which of the following statements describe an analytical procedure?
A) Analytical procedures are a form of evidence gathered by the client
B) Analytical procedures are calculations of financial amounts
C) Analytical procedures are a comparison of last year's audited financial statements with the current year's unaudited statements
D) Analytical procedures are a form of internal control audit procedure
Correct Answer:
Verified
Q66: Tests of controls are typically done on
Q67: Substantive tests of balances are performed to
Q68: Substantive tests of transactions are typically done
Q69: Which of the following statements describe an
Q70: The auditor is responsible for
A)the preparation of
Q72: Tests of controls for non public companies
Q73: The auditor must gather evidence guided by
Q74: If the financial statements do not present
Q75: Management is responsible for
A)gathering sufficient evidence
B)the preparation
Q76: Which of the following statements is an
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