If Preliminary Analytical Procedures Identify Some Unexpected Relationships, the Auditor

question 72

True/False

If preliminary analytical procedures identify some unexpected relationships, the auditor would conclude that there may be a heightened risk of material misstatements.

---

Definitions:

Knowledge

Information, understanding, or skill obtained through experience or education; the theoretical or practical understanding of a subject.

Yourself

Your own person, unique identity, or being, often referenced in the context of personal growth or introspection.

Emotional Competence

The ability to effectively manage and navigate one's own emotions and understand and respond to the emotions of others.

Personal Competence

The ability to be self-aware, motivated, and self-regulated.