Many Auditors Perform Extensive Analytical Procedures on Audits Because

question 72

Multiple Choice

Many auditors perform extensive analytical procedures on audits because:

• A)they are required by GAAS.
• B)they pinpoint errors in accounts.
• C)they indicate areas of potential risk and misstatement.
• D)they are required for tests of controls.

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Definitions:

Optimistic Thinker

An individual who tends to maintain a positive outlook on life, expecting the best possible outcome in various situations.

Monitoring

The act of observing and checking the progress or quality of (something) over a period of time.

Type A Personality

A personality characterized by high levels of competitiveness, self-imposed stress, impatience, and aggression.

Behaviorists

Psychologists who focus on observable behaviors and the ways in which they're learned.