Which of the Following Statements Is Not Correct

question 89

Multiple Choice

Which of the following statements is not correct?

• A) Analytical procedures are used to isolate accounts or transactions that should be investigated more extensively.
• B) For certain immaterial accounts, analytical procedures may be the only evidence needed.
• C) In some instances, other types of evidence may be reduced when analytical procedures indicate that an account balance appears reasonable.
• D) Analytical procedures use supporting documentation to determine which account balances need additional detailed procedures.

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Definitions:

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