Multiple Choice
Analytical procedures are used in the overall review for all of these reasons except:
A) to corroborate conclusions formed during the audit.
B) to assist in arriving at the overall conclusion that the financial information is consistent with the knowledge of the business.
C) to identify contingent liabilities.
D) to gain assurance that the company will remain a going concern.
Correct Answer:

Verified
Correct Answer:
Verified
Q34: The subsequent event that is an example
Q35: In regard to identifying and evaluating subsequent
Q36: Matters that would ordinarily be communicated to
Q37: Analytical procedures in the overall review should
Q38: After the auditor's report has been signed,
Q39: Professional standards require the auditor to communicate
Q40: Ordinarily, an event indicating a material condition
Q41: The manager's review of the working papers
Q42: When a question arises regarding the going-concern
Q43: If the auditor amends the financial statements