Analytical procedures are used for All of the options listed Assessment of performance for the past period Risk identification during audit risk assessment Overall assessment of the financial statements at the entity level QUESTION 7 What is the purpose of the paragraph on management's responsibility on the auditor's report? Confirm that management is not aware of fraud or illegal acts Clarify that the auditor is responsible for detecting material misstatements Confirming the terms of the engagement for liability purposes Clarify that financial statements are the responsibility of management