In Practice, the Use of Analytical Procedures Has Proven to Be

question 22

Multiple Choice

In practice, the use of analytical procedures has proven to be:

• A) totally ineffective in detecting misstatements.
• B) quite effective in detecting the largest of misstatements.
• C) useful in the planning phase, but not in the testing phase of the audit.
• D) too costly to apply in most audit situations.
• E) moderately effective in detecting most misstatements.

---

Definitions:

Retrospective Accounts

Retrospective accounts are narratives or explanations of past events or experiences, often analyzed or interpreted after the fact.

Adult Memories

The recollection of experiences and information that individuals accumulate and store throughout their adult life.

Shadow Archetype

In Jungian psychology, a concept referring to the unconscious aspect of the personality which the conscious ego does not identify in itself, often embodying traits one dislikes or fears.

Collective Unconscious

A concept in Jungian psychology referring to the part of the unconscious mind which is derived from ancestral memory and experience and is common to all humankind.