samcute7642 samcute7642

06-01-2020
Business

contestada

Which of the following statements is correct concerning analytical procedures used in plan- ning an audit engagement?
a. They often replace the tests of controls that are performed to assess control risk.b. They typically use financial and nonfinancial data aggregated at a high level.c. They usually involve the comparison of assertions developed by management to ratios calculated by an auditor.d. They are often used to develop an auditor's preliminary judgment about materiality.

Respuesta :

jitushashi100 jitushashi100

19-01-2020

Answer:

b. They typically use financial and non-financial data aggregated at a high level.

Explanation:

The statement which is correct concerning analytical procedures used in planning an audit engagement is statement B because the use of financial and non-financial data aggregated at a high level is commonly used during preliminary analytical procedures. Evaluations of financial knowledge gained by the research of PLAUSIBLE RELATIONSHIPS between both financial plus non-financial data. Typically use financial and non-financial data AGGREGATED AT A HIGH LEVEL, they are a Type of Audit Procedure as well as a Type of Evidence (usually practiced in alliance with different kinds of data) as the aforementioned that it is known as analytical procedures.

Answer Link

Otras preguntas

If users have permission to edit their navigation bar on desktop, any changes they make are also reflected in their mobile app. 1) True 2) False

what anatomical term refers to the tail of the vertebral column?

Which does not affect the quality or pattern of cloth as it is woven on a loom? A. speed of weaving B. type of thread used C. how the loom is threaded

Which of the following should not be in an information response team charter? A. Mission B. Organizational structure C. Detailed line budget D. Roles and respon

The assumption that the values, behaviors, and lifestyle of the poor make them fundamentally different from other people and that these factors are largely resp

Andrea ordered a computer on the internet. The computer cost $1499 plus 7 1/2% sales tax. What was the total amount Andrea paid for her new computer?

Character Name:Julio in Romiette and Juliol Vital Statistics • Age ● Gender • Race/Ethnicity • Nationality ● Social Class Background ● ● ● Personality Family Pe

The phase difference between alternating current and EMF is π/2 which of the following cannot be constituent of the circuit?A) LCB) LC) CD) RL

In the _____ phase of the decision making process, the group has worked through primary and secondary tensions and members express a cooperative attitude.

What is the purpose of the initial or "mini" search?