Consider the following statements and explain why they may be true or false.

(a) If the analytical review discloses no variations from the previous year, the auditor need not enquire further.

(b) Analytical review is an evidence gathering procedure performed as part of substantive procedures.

(c) Planning feedback means that audit plans are altered to take account of changed circumstances.

(d) Auditors examine inventory taking instructions as a substantive procedure.

(e) Accounting standards are available to solve all reporting problems faced by management.

(f) Audit conclusions formed at the end of an interim examination enable auditors to form conclusions on final figures in the year end financial statements.