Auditors find it easier to audit related accounts instead of attacking each account on its own.

Question

Quizplus · Accepted Answer

Auditors often use the approach of auditing related accounts together as it helps to identify any potential inconsistencies or errors that may be present in the financial statements. This approach is also more efficient as auditors can identify common risks and controls and test them all at once. Therefore, the statement is true.

Auditors Find It Easier to Audit Related Accounts Instead of Attacking