Which of the following statements is most closely associated with analytical procedure applied at substantive stage?

Related Mcqs:

Audit of banks is an example of_____________?

A. Statutory audit B. Balance sheet audit C. Concurrent audit D. All of the above...

Of the following, which is the least persuasive type of audit evidence?

A. Bank statements obtained from the client B. Documents obtained by auditor from third parties directly. C. Carbon copies of sales invoices inspected by the auditor D. Computations made by the auditor...

What is the primary objective of analytical procedures used in the overall review stage of an audit?

A. To help to corroborate the conclusions drawn from individual components of financial statements B. To reduce specific detection risk C. To direct attention to potential risk areas D. To satisfy doubts when questions arise about a client’s ability to continue...

Which of the following factors is most important in determining the appropriations of audit evidence?

A. The reliability of audit evidence and its relevance in meeting the audit objective B. The objectivity and integrity of the auditor C. The quantity of audit evidence D. The independence of the source of evidence...

The authority to remove the first auditor before the expiry of term is with__________?

A. the shareholders in a general meeting B. the shareholders in the first annual General meeting C. the board of directors D. the Central Government...