Analytical Procedures Performed in the Overall Review Stage of an Audit

question 62

Multiple Choice

Analytical procedures performed in the overall review stage of an audit suggest that several accounts have unexpected relationships.The results of these procedures most likely would indicate that

• A) Fraud exists within the relevant accounts.
• B) Internal control activities are not operating effectively.
• C) Additional tests of details are required.
• D) The communication with the audit committee should be revised.

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Definitions:

Conversation Starters

Questions or statements designed to initiate dialogue, encouraging people to talk and share information or opinions.

Networking Goals

Objectives set for the purpose of building, maintaining, or leveraging relationships with others in a professional context.

Information Interview

A conversation where an individual seeks career advice, industry information, or company culture details from a more experienced person.

Scanning Interview

A method used in qualitative research or human resources that involves a wide-ranging and open-ended conversation to gather broad information.