Question: Identify the most important reasons for performing analytical procedures. ( Select all that apply. ) A . Indication of the presence of possible misstatements in
Identify the most important reasons for performing analytical procedures. Select all that apply.
A Indication of the presence of possible misstatements in the financial statements.
B Increase in detailed audit tests required.
C Reduction in lawsuits against CPAs
D Understanding the client's business and industry
E Assessment of the entity's ability to continue as a going concern.
F Reduction of detailed audit tests.
G To identify fraud that may be occurring in the client's organization.
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