The major concern when using nonfinancial data in

6) The major concern when using nonfinancial data in analytical procedures
is the:
A) accuracy of the nonfinancial data.
B) source of the nonfinancial data.
C) type of nonfinancial data.
D) presence of multiple sources of nonfinancial data. Answer: A
Terms: Concern when using nonfinancial data in analytical procedures
Diff: Challenging
Objective: LO 8-7
AACSB: Reflective thinking skills
7) Whenever an auditor compares client data to client-prepared budgets,
there are two special concerns. Indicate if the two items below are concerns.
Terms: Comparison of client data to client-prepared budgets
Diff: Challenging
Objective: LO 8-7
AACSB: Reflective thinking skills
1) Which is a liquidity activity ratio?
Terms: Liquidity ratio
Diff: Moderate
Objective: LO 8-8

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AACSB: Reflective thinking skills