The Primary Objective of Analytical Procedures Used near the End

question 74

Multiple Choice

The primary objective of analytical procedures used near the end of an audit is to:

• A)Obtain evidence from details tested to corroborate particular assertions.
• B)Identify areas that represent specific risks relevant to the audit.
• C)Assist the auditor when forming overall conclusions about the financial statements.
• D)Satisfy doubts when questions arise about a client's ability to continue in existence.

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Definitions:

Pahoehoe Lava

A form of basaltic lava exhibiting a smooth, unbroken surface and often developing into rope-like patterns.

Aa Lava

A type of lava flow with a rough, jagged surface, characterized by its slow movement and thick, viscous nature.

Vesicles

Small holes found in a volcanic rock, representing gas bubbles in a magma that were trapped when the lava solidified.

Welded Tuff

A type of rock formed by the compaction and cementation of volcanic ash and debris, heated enough post-deposition to weld together.