There Are Many Types of Analytical Procedures That the Auditor

question 33

Multiple Choice

There are many types of analytical procedures that the auditor can conduct during the planning stage of the financial statement audit.What is the purpose of comparing prepaid expenses and related expense accounts with those of prior years?

• A)to understand the client's industry and business
• B)to assess going concern
• C)to identify possible misstatements
• D)to reduce tests of controls

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Definitions:

Greenpeace

An international environmental organization focusing on issues such as climate change, deforestation, overfishing, and pollution, that uses peaceful protest and creative communication to draw attention to environmental issues.

Social Movements

Organized collective activities advocating for change in societies to promote or resist a particular social agenda.

Arab Spring

A series of anti-government protests, uprisings, and armed rebellions that spread across much of the Arab world in the early 2010s.

Occupy Movement

A global protest movement that began in 2011, aimed at addressing social and economic inequality, with the slogan "We are the 99%" to represent the majority affected by the policies of the wealthiest 1%.