Analytical procedures issued in the planning stage of an audit, generally

Auditing Mcqs Introduction to Auditing 21/09/2021

A. Helps to determine the nature, timing and extent of other audit procedures
B. Directs attention to potential risk areas
C. Indicates important aspects of business
D. All of the above

Related Mcqs:

    Audit in depth is synonymous for____________?
    A. Complete audit B. Completed audit C. Final audit D. Detailed audit...
    Which of the following statements is most closely associated with analytical procedure applied at substantive stage?
    A. It helps to study relationship among balance sheet accounts B. It helps to discover material misstatements in the financial statements C. It helps to identify possible oversights D. It helps to accumulate evidence supporting the validity of a specific account balance...
    Verification refers to_________?
    A. Examining the physical existence and valuation of assets. B. Examining the journal and ledger C. Examination of vouchers related to assets. D. None of the above....
    Audit programme is prepared by____________?
    A. The auditor B. The client C. The audit assistants D. The auditor and his audit assistants...
    The working papers which auditor prepares for financial statements audit are___________?
    A. Evidence for audit conclusions B. Owned by the client C. Owned by the auditor D. Retained in auditor’s office until a change in auditors...

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