Matthias Holewsky was explaining how important it was for his staff to use analytical procedures in order to cut down on substantive testing. He mentioned two factors that he felt
Were important when conducting analytical procedures:
(i) reliability of client data
(ii) the ability to make comparisons over time
Which of these two factors can help him achieve his objective?
A) (i) only
B) (ii) only
C) both (i) and (ii)
D) neither (i) nor (ii)

Question

Quizplus · Accepted Answer

Both the reliability of client data and the ability to make comparisons over time can help Matthias achieve his objective of cutting down on substantive testing by using analytical procedures. Reliable client data is important to ensure that the results of analytical procedures are accurate and meaningful. The ability to make comparisons over time allows for the identification of trends and anomalies in the data, which can help to identify potential issues or areas of concern that may require further investigation. By using both of these factors, Matthias can conduct more effective analytical procedures and reduce the amount of substantive testing required.

Matthias Holewsky Was Explaining How Important It Was for His