Which of the following audit tests is usually the least costly to perform?
A)analytical procedures
B)tests of controls
C)tests of balances
D)confirmations

Question

Quizplus · Accepted Answer

Analytical procedures involve the review of financial information using comparisons and relationships between financial and nonfinancial data. They are often simple to perform and typically require minimal, if any, additional resources beyond those already available to the auditor. Therefore, they are usually the least costly to perform.

Which of the Following Audit Tests Is Usually the Least