A primary objective of analytical procedures used in the final review stage of an audit is to

Question:

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 to be misstated.
d. Assist the auditor in evaluating the overall financial statement presentation.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...