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 2. Audit procedures 4. Analytical procedures 6. Reliability of evidence 7. Sufficiency of evidence 8. Persuasiveness of evidence A. Examination of other adjustments made in preparing the financial statements. B. An attempt to obtain evidence from the most secure and dependable source. C. The detailed instruction for the collection of evidence for an audit area or an entire audit. D. The use of comparisons and relationships to determine whether account balances or other data appear reasonable. E. a measure of quality of evidence in meeting audit objectives for classes of transactions, account balances, and related disclosures. F. This is determined by the amount of evidence obtained. G. Contains all the information that the auditor considers necessary to conduct an adequate audit and to provide support for the audit report. H. The degree to which evidence can be considered believable or trustworthy. I. Detailed instructions for the collection of a type of audit evidence. J. Use of comparisons and relationships to assess the reasonableness of account balances.