When the auditor plans to use analytical procedures to provide substantive assurance about an account balance, the data used in the calculations must be considered:
A) sufficiently reliable.
B) reasonable.
C) absolutely reliable.
D) sufficiently appropriate.

Question

Quizplus · Accepted Answer

Analytical procedures used in substantive testing rely on data that must be sufficiently reliable to support the conclusions drawn from those procedures. Absolute reliability is rarely achievable in practice, making "sufficiently reliable" the most appropriate standard.

When the Auditor Plans to Use Analytical Procedures to Provide