An auditor's use of analytical procedures ________.
A)should be the same for every audit client, for reasons of uniformity
B)may be tailored to the particular client and the industry in which the client operates
C)is not required if an auditor has assessed control risk as low
D)are designed to help the auditor provide absolute assurance

Question

Quizplus · Accepted Answer

Analytical procedures should be tailored to the particular client and industry in which the client operates in order to increase their effectiveness in providing relevant and reliable evidence for the auditor's assessment of financial statement assertions. The use of analytical procedures is not required only when control risk is assessed as low; the auditor should still use analytical procedures to provide reasonable assurance. Absolute assurance is not possible in auditing.

An Auditor's Use of Analytical Procedures ________