Which of the following is not considered to be an analytical procedure?
A) Comparisons of financial statement amounts with source documents.
B) Comparisons of financial statement amounts with nonfinancial data.
C) Comparisons of financial statement amounts with budgeted amounts.
D) Comparisons of financial statement amounts with comparable prior year amounts.
Correct Answer:
Verified
Q1: Assertions that have a meaningful bearing on
Q2: Financial statement assertions are established for
Q3: The auditors should propose an adjusting journal
Q4: Audit documentation is intended to allow _
Q6: Comparing the current-year gross margin with the
Q7: Applying substantive tests to the details of
Q8: The professional standards consider calculating depreciation expense
Q9: To be effective,analytical procedures performed near the
Q10: The primary purpose of a letter of
Q11: In performing analytical procedures,the auditors may use
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