When auditing the inventory and warehousing cycle, the use of analytical procedures is:
A) not important for this cycle.
B) more important than for any other cycle.
C) as important as their use in any other cycle.
D) less important than for any other cycle.

Question

Quizplus · Accepted Answer

Analytical procedures are used in auditing to understand and assess the client's business and to identify areas of potential risk. Their importance is consistent across different cycles, including the inventory and warehousing cycle, making them as important in this cycle as in any other.

When Auditing the Inventory and Warehousing Cycle, the Use of Analytical