Analytical procedures conducted at the end of an audit are performed not only to examine trends and changes,but to
A)document planning in accordance with GAAS.
B)provide the client with a value added service in conjunction with audit activities.
C)ask "hard questions" about the company's results and its relationship to external factors.
D)determine how much the client can afford to be charged for future audit fees.

Question

Quizplus · Accepted Answer

Analytical procedures conducted at the end of an audit are primarily meant to ask "hard questions" about the company's results and its relationship to external factors. While they may provide valuable insights to the client and can be considered a value-added service, their main purpose is to assist the auditor in assessing the reasonableness of financial statement balances and transactions. They are not conducted to document planning in accordance with GAAS or to determine audit fees.

Analytical Procedures Conducted at the End of an Audit Are