Which of the following is the first step an auditor performs when performing analytical procedures?
A) Identify the computation,comparison or relationship to be made or investigated
B) Determine appropriate procedures for investigating the reasons for differences if they are significant
C) Draw conclusions
D) Assess the reliability of any data to be used
Correct Answer:
Verified
Q30: Which of the following is not a
Q31: Roll-forward procedures are performed:
A)after the end of
Q32: Vouching involves:
A)the application of audit procedures to
Q33: Variables estimation sampling The auditor uses this
Q34: The primary purpose of vouching is to
Q36: Variables estimation sampling is used:
A)when the auditor
Q37: Tracing is primarily directed towards verifying which
Q38: The levels of evidence obtained when performing
Q39: Analytical procedures may not be used:
A)to provide
Q40: Overall significant account conclusion statements are captured
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