Auditors try to identify predictable relationships when using analytical procedures.Relationships involving transactions from which of the following accounts most likely would yield the highest level of evidence?
A) Accounts Receivable.
B) Interest Expense.
C) Accounts Payable.
D) Travel and Entertainment Expense.

Question

Quizplus · Accepted Answer

Interest expense is often predictable and consistent due to fixed interest rates and regular payment schedules, making it a reliable source for analytical procedures.

Auditors Try to Identify Predictable Relationships When Using Analytical Procedures