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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: ATerms: Concern when using nonfinancial data in analytical proceduresDiff: ChallengingObjective: LO 8-7AACSB: Reflective thinking skills7) 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 budgetsDiff: ChallengingObjective: LO 8-7AACSB: Reflective thinking skills1) Which is a liquidity activity ratio?Terms: Liquidity ratio
Objective: LO 8-8