Multiple Choice
Which of the following is the first step an auditor performs when performing analytical procedures?
A) Identify the computation,comparison or relationship to be made or investigated
B) Determine appropriate procedures for investigating the reasons for differences if they are significant
C) Draw conclusions
D) Assess the reliability of any data to be used
Correct Answer:
Verified
Correct Answer:
Verified
Q16: Explain and evaluate the 'fuzzy logic' approach
Q17: Performing substantive procedures prior to year-end,in the
Q18: The lack of significant change in an
Q19: Explain the difference between vouching and tracing.
Q20: The primary purpose of vouching is to
Q22: The audit program serves as the instructions
Q23: Analytical procedures may not be used:<br>A)to provide
Q24: Corroborative evidence confirms audit findings from other
Q25: Vouching involves tracking a source document back
Q26: Variables estimation sampling is used:<br>A)when the auditor