A primary objective of analytical procedures used in the final review stage of an audit is toa. Identify account balances that represent specific risks relevant to the audit.b. Gather evidence from tests of details to corroborate financial statement assertions.c. Detect fraud that may cause the financial statements to be misstated.d. Assist the auditor in evaluating the overall financial statement presentation.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
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A primary objective of analytical procedures used in the final review stage of an audit is to
a. Identify account balances that represent specific risks relevant to the audit.
b. Gather evidence from tests of details to corroborate financial statement assertions.
c. Detect fraud that may cause the financial statements to be misstated.
d. Assist the auditor in evaluating the overall financial statement presentation.

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