Daniel Morency Has Performed Evaluations of Financial Information and Determined

question 31

Multiple Choice

Daniel Morency has performed evaluations of financial information and determined whether the fluctuations of his client's sales figures are consistent with other data he has gathered. He
Has used this information to predict year-end amounts of sales. This is an example of
Substantive procedures called

• A) tests of details.
• B) computer assisted audit techniques.
• C) analytical procedures.
• D) none of these.

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Definitions:

Property Rights

Legal rights to use, control, and derive benefit from a resource, property, or asset.

Overexploited Fisheries

Fisheries where fish stocks have declined below a level that can sustainably support fishing activity due to excessive fishing.

United Nations

An international organization formed in 1945 to promote peace, security, and cooperation among the world's nations.

Food and Agriculture Organization

An agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security.