A basic premise underlying analytical procedures

is that

A$.$ These procedures cannot replace tests of

balances and transactions.

B$.$ Statistical tests of financial information may

lead to the discovery of material misstatements

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.