The Preliminary Use of Analytical Review Procedures by the Auditor

question 11

Multiple Choice

The preliminary use of analytical review procedures by the auditor is

• A)required to identify areas of heightened risk
• B)optional in accordance with auditor judgment.
• C)only used when other planning procedures cannot be applied.
• D)used to assist the auditor in documenting internal control.

---

Definitions:

Saving

The process of setting aside a portion of income for future use, instead of spending it immediately.

Population Growth Rate

The rate at which the number of individuals in a population increases over a specific period of time, often expressed as a percentage of the initial population.

Developing Versus Countries (DVCs)

Comparisons between countries in terms of economic development, often focusing on differences between developing countries and more industrialized nations.

Infrastructure

The fundamental physical and organizational structures and facilities (e.g., buildings, roads, power supplies) needed for the operation of a society or enterprise.