Analytical Procedures Used in the Overall Review Stage of an Audit

question 93

Multiple Choice

Analytical procedures used in the overall review stage 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:

Intimate Space

Zone of space most often used for very personal or intimate interactions, ranging from 0 to 1½ feet between individuals.

Personal Space

Zone of space most often used for conversations with family and friends, ranging from 1½ to 4 feet between individuals.

Social Space

Zone of space most often used for group interactions, ranging from 4 to 12 feet between individuals.

Public Space

Zone of space most often used by public speakers or anyone speaking to many people, ranging beyond 12 feet from the individual.