Which of the following statements is most closely associated with analytical procedure applied at substantive stage?
AIt helps to accumulate evidence supporting the validity of a specific account balance
BIt helps to study relationship among balance sheet accounts
CIt helps to discover material misstatements in the financial statements
DIt helps to identify possible oversights
Correct answer
A. It helps to accumulate evidence supporting the validity of a specific account balance
Explanation
It helps to accumulate evidence supporting the validity of a specific account balance is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.