The primary objective of analytical procedures used near the end of an audit is to:
A. Obtain evidence from details tested to corroborate particular assertions.
B. Satisfy doubts when questions arise about a client's ability to continue in existence.
C. Identify areas that represent specific risks relevant to the audit.
D. Assist the auditor when forming overall conclusions about the financial statements.
Answer: D
You might also like to view...
The number of incumbents per job from which to collect data remains the same irrespective of the job's stability.
Answer the following statement true (T) or false (F)
An organization can use machine learning to detect spam.
Answer the following statement true (T) or false (F)
The process by which a company produces finished goods or services is known as:
a. operations b. production c. manufacturing d. computer-aided manufacturing e. flexible manufacturing systems
Jill introduces Kelly to her friends as "my associate." Kelly purports to act as Jill's agent in several business transactions with those friends. If Jill is liable for Kelly's actions, it will be under
A. the doctrine of estoppel. B. the equal dignity rule. C. the fiduciary principle. D. the good faith statute.