When reviewing the results of analytical procedures, the auditor needs to bring an appropriate level of _______.
A)professional skepticism
B)professional confidence
C)statistical sampling
D)nonstatistical sampling

Question

Quizplus · Accepted Answer

The auditor needs to bring an appropriate level of professional skepticism when reviewing the results of analytical procedures as it requires critical evaluation of management's explanations of significant fluctuations or trends in the data. Professional skepticism involves a questioning mindset and a cautious approach towards the information provided. This helps the auditor to identify any potential misstatements or inconsistencies in the financial information. Confidence or sampling methods are not directly related to reviewing the results of analytical procedures.

When Reviewing the Results of Analytical Procedures, the Auditor Needs