Analytical Procedures Performed near the End of an Audit Generally

question 2

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:

Instrumental Aid

Assistance provided through means or tools that contribute directly to achieving a task or goal.

Socializing

The process of interacting with others to build relationships, learn social norms, and develop social skills.

Type A Behavior Pattern

A personality trait characterized by high levels of competitiveness, aggressiveness, impatience, and a constant sense of urgency, often associated with an increased risk of heart disease.

Type B Behavior Pattern

A personality type characterized by relatively relaxed, non-urgent approach to life, in contrast to the more intense, competitive nature of Type A behavior.