Question: A basic premise underlying analytical procedures is that a. These procedures cannot replace tests of details of balances and transactions. b. Statistical tests of financial

A basic premise underlying analytical procedures is that

a. These procedures cannot replace tests of details of balances and transactions.

b. Statistical tests of financial information may lead to the discovery of material errors in the financial statements.

c. The study of financial ratios is an acceptable alternative to the investigation of unusual fluctuations.

d. Plausible relationships among data may reasonably be expected to exist and continue in the absence of known conditions to the contrary.

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