Which of the following would not ordinarily be considered when using analytical procedures to verify the overall reasonableness of revenue and expense accounts?
A)Current-year recorded (unaudited)balances.
B)Expected balances using a statistical analysis or relationships among accounts.
C)Internal budgets and reports.
D)Prior-year balances.

Question

Quizplus · Accepted Answer

Current-year recorded balances would typically be considered when using analytical procedures to verify the overall reasonableness of revenue and expense accounts. The other options listed (expected balances using statistical analysis, internal budgets and reports, and prior-year balances) would also typically be considered.

Which of the Following Would Not Ordinarily Be Considered When