Which of the following is false regarding preliminary analytical procedures?

A. The usefulness of analytical procedures as audit evidence depends significantly on the auditor developing an expectation.

B. Common size financial statements are considered more substantive in nature than analytical procedures.

C. In identifying areas of specific risk, the auditor is likely to focus on the liquidity activity ratios.

D. Auditors perform preliminary analytical procedures to better understand the client's business and to assess client business risk.