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.

Question

Quizplus · Accepted Answer

All of the options are common analytical procedures used in the completion of an audit. Ratio analysis helps in understanding relationships between financial variables, common-size analysis helps in comparing financial statements of different periods or companies, and changes from the prior year are important to identify trends and fluctuations. Therefore, all of them are typically used.

Which of the Following Is Not a Typical Analytical Procedure