Analytical procedures may not be used
A) as primary tests of an account balance.
B) in testing internal controls.
C) to provide at least some minimal level of support for the conclusion.
D) as corroborative tests in combination with other procedures.

Question

Quizplus · Accepted Answer

Analytical procedures are used primarily for understanding financial information and identifying areas of risk, rather than testing the effectiveness of internal controls. Testing internal controls typically involves direct tests of the controls themselves, such as observation, inspection, and re-performance, rather than analytical procedures.

Analytical Procedures May Not Be Used