Analytical Procedures in the Overall Review Should Be

question 29

Multiple Choice

Analytical procedures in the overall review should be:

• A) applied to every item on the financial statements.
• B) performed by the partner or manager on the engagement.
• C) based on financial statement data before all audit adjustments and reclassifications have been recognized.
• D) performed only when material misstatement is expected.
• E) performed only when unusual or unexpected balances and relationships are anticipated.