Analytical procedures that provide persuasive evidence include:
A)comparing the number of days purchases in trade payables with prior years.
B)reviewing the cash accounts in the general ledger for unusual items.
C)relating average amounts invested to an average interest rate.
D)reviewing the property,plant and equipment account in the general ledger for unusual items.

Question

Quizplus · Accepted Answer

Relating average amounts invested to an average interest rate can provide persuasive evidence as it involves a direct relationship that can be analytically verified, offering insights into the reasonableness of interest income or expense.

Analytical Procedures That Provide Persuasive Evidence Include