Multiple Choice
Many auditors perform extensive analytical procedures on audits because:
A) they are required by GAAS.
B) they pinpoint errors in accounts.
C) they indicate areas of potential risk and misstatement.
D) they are required for tests of controls.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: Tests of controls are directed toward the
Q41: The choice of which types of tests
Q66: The reliance the auditor places on substantive
Q68: Which of the following is not a
Q70: Transaction related audit objectives would most likely
Q73: In order to promote audit efficiency the
Q75: Analytical procedures:<br>A)involve comparisons of recorded amounts to
Q76: Auditors who test manual controls that rely
Q105: Discuss the major activities and procedures performed
Q116: An exception in a test of control