The primary objective of performing analytical procedures in the final review stage 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 the auditor 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 in the final review stage is to assist the auditor in evaluating the overall financial statement presentation, including completeness, accuracy, and consistency. While analytical procedures can potentially identify specific risks relevant to the audit, that is not the primary objective at this stage. Obtaining evidence from details tested to corroborate management assertions and obtaining evidence on the validity of the assessment of control risk are generally performed earlier in the audit process.

The Primary Objective of Performing Analytical Procedures in the Final