Explain the importance of analytical procedures as evidence in determining the fait presentation of the financial statements Identify the statements that best explain why analytical procedures are important as evidence in determining the fair presentation of the financial statements (Selec that apply A Analytical procedures are useful for indicating individual account balances that may appear to be correct when viewed separately but may appear to bu questionable when viewed in the context of the other financial statement accounts. B. Analytical procedures decrease the possibility of eliminating certain audit procedures, reducing sample sizes and moving the timing of aud procedures further away from the balance sheet date C. There has been a reduction in lawsuits against public accountants due to the extensive use of analytical procedures. D. Analytical procedures decrease the possibility of performing fewer detailed tests in connection with account balances where no unusual fluctuations have occurred DE Analytical procedures are useful in reviewing accounts or transactions for reasonableness to corroborate tentate conclusions reached on the basis of other evidence OF. Analytical procedures are always successful at detecting any fraud that may be occurnng in the client's organization