Multiple Choice
Analytical procedures used in planning an audit should focus on
A) Reducing the scope of tests of controls and substantive tests.
B) Providing assurance that potential material misstatements will be identified.
C) Enhancing the auditor's understanding of the client's business.
D) Assessing the adequacy of the available evidential matter.
Correct Answer:
Verified
Correct Answer:
Verified
Q106: If tests of controls induce the audit
Q107: Sources of financial and nonfinancial data do
Q108: _ are those individuals or organizations that
Q109: When the auditors become aware of noncompliance
Q110: A.Audit risks for particular accounts can be
Q112: Knowledge of the client's business from preliminary
Q113: Inherent risk is not a characteristic of
Q114: Audit risk can be expressed in the
Q115: Generally accepted auditing standards state that analytical
Q116: The existence of audit risk is recognized