Performing Analytical Procedures During the Planning Process Allows the Auditor

question 30

Multiple Choice

Performing analytical procedures during the planning process allows the auditor to

• A)identify areas where client performance is consistent with its expectations
• B)develop an audit program to gather evidence regarding financial statement areas that are most likely to be materially misstated
• C)schedule more time for substantive testing
• D)schedule more time for testing of controls

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Definitions:

Strategic Objectives

Goals aligned with an organization's declared purpose, aimed at steering it towards long-term success.

Informational

Relating to or characterized by the provision or reception of information, often used to describe activities, processes, or attributes that facilitate knowledge sharing.

Motivational

Relating to the reasons one has for acting or behaving in a particular way, often aimed at inspiring or encouraging people.

Workplace Giving

Programs that allow employees to donate to charitable causes through payroll deductions or company-sponsored charity events.