Analytical Procedures Performed near the End of an Audit Generally

question 32

Multiple Choice

Analytical procedures performed near the end of an audit generally include

• A)considering unusual or unexpected account balances that were not previously identified.
• B)performing tests of transactions to corroborate management's financial statement assertions.
• C)gathering evidence concerning account balances that have not changed from the prior year.
• D)retesting control activities that appeared to be ineffective during the assessment of control risk.

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Definitions:

Numbers

Numerical digits or values used for counting, measuring, and performing mathematical operations.

Capability

The ability or quality that something has to perform or achieve a certain task or function.

Without Being Detected

Conducting activities in a manner that avoids discovery or notice by others.

Network & Sharing

A feature in operating systems that enables the sharing of data, resources, and files among multiple computers over a network.