Analytical procedures in the overall review should be:
A) reviewed by the partner or manager on the engagement.
B) applied to every item on the financial statements.
C) based on financial statement data before audit adjustments.
D) performed only when material misstatement is expected.

Question

Quizplus · Accepted Answer

Analytical procedures in the overall review stage of an audit are typically reviewed by the partner or manager on the engagement to ensure that the conclusions reached are appropriate and supported by the evidence obtained during the audit. This is a standard part of the audit process to ensure quality and compliance with auditing standards.

Analytical Procedures in the Overall Review Should Be