Analytical Procedures Used in Planning an Audit Should Focus On

question 386

Multiple Choice

Analytical procedures used in planning an audit should focus on:

• A) Evaluating the adequacy of evidence gathered concerning unusual balances.
• B) Testing individual account balances that depend on accounting estimates.
• C) Enhancing the auditor's understanding of the client's business.
• D) Identifying material weaknesses in internal control.

---

Definitions:

Open-Ended Questions

Questions formulated to allow for expansive, detailed answers, encouraging respondents to elaborate on their thoughts and feelings.

Dissensus

A situation or condition of disagreement or conflict among a group of people, contrary to consensus.

Consensus

General agreement among the members of a group or community, often used as a decision-making process.

Group Think

A psychological phenomenon in which the desire for harmony and conformity in a group results in irrational or dysfunctional decision-making outcomes.