The Auditor Is Most Likely to Rely on Analytical Procedures

question 35

Multiple Choice

The auditor is most likely to rely on analytical procedures alone if a balance is:

• A)material and internal controls are good.
• B)immaterial and internal controls are poor.
• C)immaterial and inherent risk is high.
• D)immaterial and internal controls are good.

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Definitions:

Authority

The power or right to give orders, make decisions, and enforce obedience.

Decision

The act of making a choice among available alternatives.

Postponement

The act of delaying or deferring an action or event to a later time.

Emotional Elements

Components of emotions that are essential for understanding feelings, which include physiological responses, expressive behaviors, and subjective experiences.