Analytical Procedures Are Used in the Overall Review for All

question 5

Multiple Choice

Analytical procedures are used in the overall review for all of these reasons except:

• A)to identify contingent liabilities.
• B)to corroborate conclusions formed during the audit.
• C)to gain assurance that the company will remain a going concern.
• D)to assist in arriving at the overall conclusion that the financial information is consistent with the knowledge of the business.

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Definitions:

VSEPR

Valence Shell Electron Pair Repulsion theory, a model used to predict the geometry of individual molecules from the number of electron pairs surrounding their central atoms.

Lewis Structures

Diagrams that represent the valence electrons of atoms within a molecule, indicating the bonding between atoms and the lone pairs of electrons.

Elemental Symbol

A one or two-letter notation derived from the Latin name of a chemical element used to represent it in the periodic table, such as H for hydrogen.

Lewis Structure

Lewis structures, also known as Lewis dot diagrams, are a graphical representation of molecules showing how valence electrons are distributed among the atoms and indicating the bonds between atoms.