Which of the Following Is True About Analytical Procedures

question 14

Multiple Choice

Which of the following is true about analytical procedures?

• A)Performing analytical procedures results in the most reliable form of evidence.
• B)Analytical procedures are tests of controls used to evaluate the quality of a client's internal control.
• C)Analytical procedures are used for planning,but they should not be used to obtain evidence as to the reasonableness of specific account balances.
• D)Analytical procedures are used in risk assessment,as a substantive procedure for specific accounts,and near the completion of the audit of the audited financial statements.

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Definitions:

Fulfillment

The process of completing an order or obligation, especially in the context of preparing and delivering goods to customers.

Production

The process of creating, manufacturing, or enhancing products or services.

Ziosk

A brand of tabletop tablet that allows customers in restaurants to order food, play games, and pay their bill directly from their table without waiter assistance.

Calorie Counts

A measure of the energy contained in food, typically used for dietary planning and food labeling.