Which of the following is not a typical analytical procedure for the completion of the audit?
A) Ratio analysis.
B) Common-size analysis.
C) Changes from the prior year.
D) All of the above would typically be used.
If substantial doubt remains about going concern for a client at the end of the audit, then which of the following reports should the auditor typically issue?
A) Issue an unqualified audit report.
B) Issue an unqualified audit report with an explanatory paragraph.
C) Issue a qualified report.
D) Issue an adverse report.
Before releasing the audit report, which of the following would the auditor most likely do?
A) Issue a management letter.
B) Perform an analytical review.
C) Check on a schedule of partner rotation.
D) Estimate client fee for subsequent services to be performed.
During which of the following phases of the audit are analytical review procedures required by the auditing standards?
A) The planning phase of the audit.
B) The final review phase of the audit.
C) Both the planning and final review phases of the audit.
D) Performance of tests of controls.