The use of analytical procedures _______.
A) is optional during risk assessment
B) is prohibited during risk assessment
C) is required during risk assessment
D) is most effective as part of the testing of the system of internal control
Correct Answer:
Verified
Q39: Examples of substantive procedures include _.
A)observation
B)inquiry
C)confirmation
D)All of
Q40: If significant fraud risk exists, the auditors
Q41: If the assessed risk of material misstatement
Q42: Testing of internal controls is typically conducted
Q43: Examples of initial procedures that an auditor
Q45: Roll-forward procedures relate to _.
A)auditors updating their
Q46: Before auditors can use substantive analytical procedures,
Q47: Examples of analytical procedures include _.
A)ratio analysis
B)trend
Q48: Analytical procedures _.
A)are evaluations of financial information
Q49: A dual-purpose test _.
A)involves the auditors designing
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