Analytical Procedures Are Audit Methods of Evaluating Financial Statement Accounts

question 67

Multiple Choice

Analytical procedures are audit methods of evaluating financial statement accounts by studying and comparing relationships among financial and nonfinancial data. The primary purpose of analytical procedures conducted during the planning stages is to:

• A)identify the appropriate schedules to be prepared by the client.
• B)identify the types of errors or frauds that can occur in transactions.
• C)identify unusual conditions that deserve additional audit effort.
• D)determine the existence of unrecorded liabilities or overstated assets.

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Definitions:

Criteria Syntax

The specific arrangement and use of symbols and text to define criteria in queries and programming.

Date/Time

Functions or data types in programming and software that deal with the representation and manipulation of dates and times.

Date/Time

In computing and data management, refers to functions or data types used to represent both dates and times in various formats.

Query Design View

A feature in database software that allows users to create and modify queries in a more visual and understandable format.