Which of the following is the first step an auditor performs when performing analytical procedures?
A) determine appropriate procedures for investigating the reasons for differences if they are significant
B) draw conclusions
C) identify the computation, comparison or relationship to be made or investigated
D) assess the reliability of any data to be used

Question

Quizplus · Accepted Answer

The first step in performing analytical procedures is to identify the computation, comparison, or relationship to be made or investigated. This helps the auditor to focus on the specific areas that are most relevant to the audit, and to ensure that the analytical procedures are targeted and efficient. The other options are later steps in the process, such as assessing reliability, drawing conclusions, or investigating differences if they arise.

Which of the Following Is the First Step an Auditor