If No Material Fluctuations Are Found Using Analytical Procedures and the Auditor

question 75

Multiple Choice

If no material fluctuations are found using analytical procedures and the auditor concludes that differences should not have occurred,

• A)it will be necessary to increase the tests of details of balances.
• B)other tests may be reduced.
• C)it will be necessary to increase the tests of controls.
• D)it will not be necessary to perform tests of details of balances.

Learn how to predict overbooked situations and calculate net revenue in reservation systems using simulations.

Comprehend the use of various Crystal Ball tools (e.g., spider chart, sensitivity chart) to analyze and display the impact of model variables.

Practice fitting distributions with Crystal Ball and using decision tables for analysis to maximize profits or other metrics.

Understand the basics of double-entry accounting and its application.

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