When Using Analytical Procedures

question 13

Multiple Choice

When using analytical procedures:

• A)unusual fluctuations occur when significant unexpected differences between the current year's data and other data used in comparisons are found.
• B)and no unusual fluctuations are noted, the possibility of material misstatement is increased.
• C)"attention directing" indicates an area where fraud has occurred.
• D)and no unusual fluctuations are noted, tests of details of balances can be eliminated,

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Definitions:

Human Resource Information Systems

A system of databases and information management that automates processes related to the human resource management functions like payroll, recruitment, and performance evaluation.

Human Resource Planning

The process of identifying the current and future human resources needs of an organization to achieve its goals.

Reduction Strategy

Approaches businesses use to downsize, reduce costs, or streamline operations, often involving layoffs or selling off assets.

Implications

The possible effects or consequences that may result from a particular action or decision.