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Analytical procedures performed near the end of the audit to assist the auditor in forming an overall conclusion on the financial statements are aimed primarily

Analytical procedures performed near the end of the audit to assist the auditor in forming an overall conclusion on the financial statements are aimed primarily at:

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  • Gathering evidence concerning account balances that have not changed from the prior year.
  • Retesting internal control procedures.
  • Considering unusual or unexpected account balances that were not previously identified.
  • Performing a test of transactions to corroborate management's financial statement assertions.

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