The primary objective of analytical procedures used near the end of an audit is to
A)obtain evidence from details tested to corroborate management assertions.
B)obtain evidence on the validity of the assessment of control risk.
C)assist auditors in evaluating the overall financial statement presentation.
D)identify areas that represent specific risks relevant to the audit.

Question

Quizplus · Accepted Answer

The primary objective of analytical procedures near the end of an audit is to assist auditors in evaluating the overall financial statement presentation. This includes identifying any unusual or unexpected fluctuations in account balances or ratios, and providing a final assessment of the reasonableness of the financial statements. While analytical procedures may provide evidence to support management assertions and identify areas of risk, these are not typically the primary objectives at the end of the audit.

The Primary Objective of Analytical Procedures Used near the End