The Auditors Use Analytical Procedures During the Course of an Audit.The

question 92

Multiple Choice

The auditors use analytical procedures during the course of an audit.The most important phase of performing these procedures is the:

• A)Vouching of all data supporting various ratios.
• B)Investigation of significant variations and unusual relationships.
• C)Comparison of client-computed statistics with industry data on a quarterly and full-year basis.
• D)Recalculation of industry date.

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Definitions:

Political Self-Interests

Actions or policies pursued by politicians or political parties based on their own advantages or benefits rather than on public welfare.

Foreign Aid

Financial or other assistance provided by one country to another, especially for development projects or to help recover from a disaster.

Multilateral Aid

Financial assistance provided by multiple governments or organizations to support development projects in other countries.

Nonprofit Organization

An entity that operates for the public or social benefit rather than to make a profit for its owners or shareholders.