The Primary Purpose of Performing Analytical Procedures in the Testing

question 46

Multiple Choice

The primary purpose of performing analytical procedures in the testing phase of an audit is to:

• A) assess the going concern assumption.
• B) reduce detailed tests.
• C) help the auditor obtain an understanding of the client's industry and business.
• D) indicate possible misstatements (attention directing).

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Definitions:

Word-Association Tests

A psychological test in which the respondent is presented with a word and asked to respond quickly with the first word that comes to mind, used to explore thoughts and feelings.

Conscious Mind

The aspect of the mind that is aware of thoughts, feelings, and surroundings in the present moment, enabling voluntary action and decision-making.

Unconscious

The part of the mind that is inaccessible to the conscious mind, but that affects behaviors and emotions.

Inner Growth

The process of personal development, involving self-reflection and the strengthening of one's character and understanding of oneself.