The Primary Objective of Performing Analytical Procedures in the Final

question 30

Multiple Choice

The primary objective of performing analytical procedures in the final review stage of an audit is to ________.

• A)obtain evidence from details tested to corroborate management assertions
• B)obtain evidence on the validity of the assessment of control risk
• C)assist the auditor in evaluating the overall financial statement presentation
• D)identify areas that represent specific risks relevant to the audit

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Definitions:

Stored

Kept or accumulated for future use, referring to anything that can be retained or conserved for a period of time.

Compete

To strive for a goal, such as a prize or higher status, against others by overcoming challenges and obstacles.

Topsoil

The uppermost layer of soil, which has the highest concentration of organic matter and microorganisms, and is where most plant roots grow.

Productivity

The rate at which goods or services are produced, especially in relation to the input of labor, materials, and energy.