Solved

One Purpose of Performing Preliminary Analytical Procedures in the Planning

Question 88

True/False

One purpose of performing preliminary analytical procedures in the planning phase of an audit is to help the auditor make a preliminary assessment of control risk.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q83: Smith, CPA has requested permission to communicate

Q84: Which is usually included in the engagement

Q85: If an auditor is requested to perform

Q86: The auditor is likely to accumulate more

Q87: Auditors routinely conduct analytical procedures in the

Q90: Business risk:<br>A)is the risk after considering the

Q91: The major concern when using nonfinancial data

Q92: Which of the following statements is not

Q93: The quick ratio has the same denominator

Q110: The auditor uses knowledge gained from the