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

Audit Mcqs
BILAL KHATTAK0

A. It helps to study relationship among balance sheet accounts
B. It helps to discover material misstatements in the financial statements
C. It helps to identify possible oversights 
D. It helps to accumulate evidence supporting the validity of a specific account balance

Related Mcqs:

  1. In an audit of financial statements, substantive tests are audit procedures that __________??
  2. Which of the following statements is false ? select the false from below options?
  3. Which of the following is not true about opinion on financial statements??
  4. Which of the following statements are / is true? – Events after Balance Sheet are??
  5. Analytical procedures issued in the planning stage of an audit, generally?
  6. Which of the following accounts are closed at the end of an accounting period??
  7. What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing??
  8. Bookkeeping mainly concerns with which part of accounting process??
  9. Which of the following statements is not correct about materiality??
  10. Which of the following is true about a trial balance??

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