Which of the Following Is a Correct Statement Regarding Analytical

question 90

Multiple Choice

Which of the following is a correct statement regarding analytical procedures?

• A) If an auditor identifies a possible misstatement in sales using analytical procedures, accounts payable will be the likely offsetting misstatement.
• B) Auditors should also compare the results of their analytical procedures to budgets and industry trends.
• C) If sales are overstated, the income statement will be incorrect, but the balance sheet will be correct.
• D) If an analytical procedure uncovers an unusual fluctuation, the auditor must assume fraud is involved.

---

Definitions:

Week View

A display option in calendar applications that shows the events, meetings, or appointments scheduled for the upcoming week.

Schedule View

A layout or representation of scheduled events or tasks, often displayed in a calendar format.

Horizontal Layout

This refers to a design or page orientation where elements are arranged side by side, extending across the horizontal plane.

Outlook Folder

A container within Microsoft Outlook used to organize emails, contacts, tasks, and other items.