Analytical procedures used in the overall review stage of an audit generally include ________.
A)considering unusual or unexpected account balances that were not previously identified
B)performing tests of transactions to corroborate management's financial statement assertions
C)gathering evidence concerning account balances that have not changed from the prior year
D)retesting control procedures that appeared to be ineffective during the assessment of control risk

Question

Quizplus · Accepted Answer

Analytical procedures in the overall review stage of an audit are aimed at identifying unusual or unexpected account balances that may indicate potential misstatements. These procedures help auditors to focus on areas that might require further investigation.

Analytical Procedures Used in the Overall Review Stage of an Audit