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:

Analyzing Options

The process of evaluating a set of strategies or choices to determine the most advantageous course of action.