Performing Analytical Procedures During the Planning Process Allows the Auditor

question 101

Multiple Choice

Performing analytical procedures during the planning process allows the auditor to

• A)identify areas where client performance is inconsistent with its expectations
• B)develop an audit program to gather evidence regarding internal controls for relevant assertions in significant accounts
• C)schedule more time for substantive testing
• D)schedule more time for testing of controls

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Definitions:

Selection Sort

A simple, comparison-based sorting algorithm that divides the input list into a sorted and an unsorted region, repeatedly selecting the smallest or largest element from the unsorted region and moving it to the sorted region.

Nested Loops

A loop inside another loop, where the inner loop completes all its iterations for every single iteration of the outer loop.

For Loops

A control flow statement for specifying iteration, allowing code to be executed repeatedly based on a given condition.

Insertion Sort

A simple sorting algorithm that builds the final sorted array (or list) one item at a time, suitable for small datasets.