14-43     LO 7 Which of the following statements concerning analytical

review procedures at the completion of the audit is  false?

a.       Analytical procedures help auditors assess the overall presenta- tion of the financial statements.

b.       The auditor’s expectations in final analytical procedures should be more precise than those for substantive analytics.

c.       Auditing standards require the use of analytical procedures in the final review phase of the audit to assist in identifying ending account relationships that are unusual.

d.       Ratio analysis, common-size analysis, and analysis of the dollar and percentage changes in each income statement item over the previous year are useful for performing final analytical procedures.

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Status NEW Posted 25 May 2017 12:05 PM My Price 5.00

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