In the planning stage,analytical procedures are used to ________.
A)assess overall reasonableness of the financial statements
B)identify potential problem areas
C)determine the mathematical correctness of the financial statements
D)provide direct evidence about the balances in accounts

Question

Quizplus · Accepted Answer

Analytical procedures in the planning stage are primarily used to identify potential problem areas by highlighting unusual changes or trends in the financial data, which can then be investigated further during the audit.

In the Planning Stage,analytical Procedures Are Used to ________