Common uses of analytical procedures include all of the following except: a. Risk identification during the risk

Question:

Common uses of analytical procedures include all of the following except:

a. Risk identification during the risk assessment stage.

b. Testing account balances derived from estimates during the risk response stage.

c. Overall assessment of financial statements at the final review stage of the audit.

d. Test of internal controls.

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...

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