Question #3: (10 Points) 3-1) There are many main objectives of analytical procedures done by auditor. Identify these objectives and, for each objective, give a specific example of an analytical procedure that an auditor might perform. 3-2) Match five of the terms (1-7) with the definitions provided below: (A-E): 1. Audit documentation 3. Audit objectives 5. Budgets 7. Sufficiency of evidence 2. 4. 6. Audit procedures Analytical procedures Reliability of evidence 8. Persuasiveness of evidence A. Use of comparisons and relationships to assess the reasonableness of account balances. B. Detailed instructions for the collection of a type of audit evidence. C. The degree to which evidence can be considered believable or trustworthy. D. Contains all the information that the auditor considers necessary to conduct an adequate audit and to provide support for the audit report. E. This is determined by the amount of evidence obtained. F. a measure of quality of evidence in meeting audit objectives for classes of transactions, account balances, and related disclosures. G. The use of comparisons and relationships to determine whether account balances or other data appear reasonable. H. The detailed instruction for the collection of evidence for an audit area or an entire audit. 1. An attempt to obtain evidence from the most secure and dependable source. J. Examination of other adjustments made in preparing the financial statements.