Fluctuations in financial data identified by the auditor when planning the audit may be caused by
A) dependent relationships.
B) seasonal patterns.
C) external decisions directly impacting the business.
D) all of the above

Question

Quizplus · Accepted Answer

Fluctuations in financial data can be caused by a variety of factors, including dependent relationships (such as between the company and its suppliers or customers), seasonal patterns, and external decisions (such as changes in regulations or economic conditions) that directly impact the business. Therefore, all of the above options are possible causes of fluctuations in financial data identified by the auditor during audit planning.

Fluctuations in Financial Data Identified by the Auditor When Planning