Analytical Procedures _______

question 102

Multiple Choice

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

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Definitions:

Evaluation

The systematic assessment of the performance, value, or quality of a project, program, or individual.

Formation Of Values

The development of personal principles and standards of behavior, influenced by factors such as culture, family, and personal experiences.

Cognitive Dissonance

The mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.

Pessimistic View

A tendency to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future.