Why Does the Auditor Divide the Financial Statements into Segments

Multiple Choice

Why does the auditor divide the financial statements into segments around the financial statement cycles?

A) Most auditors are trained to audit cycles as opposed to entire financial statements.
B) The approach aids in the assignment of tasks to different members of the audit team.
C) The cycle approach is required by auditing standards.
D) The cycle approach allows the auditor to detect indirect-effect illegal acts.