The purpose of analytical procedures at the completion of the audit includes all of the following except:
A)revising the audit plan.
B)assessing the conclusions reached on the financials statement components.
C)evaluating the overall financial statement presentation.
D)recalculating some of the ratios examined during audit planning to evaluate how these ratios may have been affected by audit adjustments.

Question

Quizplus · Accepted Answer

The purpose of analytical procedures at the completion of the audit is to assess the conclusions reached on the financial statement components, evaluate the overall financial statement presentation, and recalculating some of the ratios examined during audit planning to evaluate how these ratios may have been affected by audit adjustments. Revising the audit plan is not a purpose of analytical procedures at the completion of the audit.

The Purpose of Analytical Procedures at the Completion of the Audit