Which two of the following statements regarding the use of analytical procedures of the audit are correct? i. Analytical procedures are used to test the effectiveness of the design of policies. ii. Analytical procedures involves inquiries and observation of routines to obtain evidences. iii. Analytical procedures help to identify unusual fluctuations for investigation. iv. Analytical procedures can assist the auditor in planning other audit procedures. a. iii and iv b. i and ii c. ii and iv d. ii and iii
Which two of the following statements regarding the use of analytical procedures of the audit are correct? i. Analytical procedures are used to test the effectiveness of the design of policies. ii. Analytical procedures involves inquiries and observation of routines to obtain evidences. iii. Analytical procedures help to identify unusual fluctuations for investigation. iv. Analytical procedures can assist the auditor in planning other audit procedures. a. iii and iv b. i and ii c. ii and iv d. ii and iii
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Which two of the following statements regarding the use of analytical procedures of the audit are correct?
i. Analytical procedures are used to test the effectiveness of the design of policies.
ii. Analytical procedures involves inquiries and observation of routines to obtain evidences.
iii. Analytical procedures help to identify unusual fluctuations for investigation.
iv. Analytical procedures can assist the auditor in planning other audit procedures.
a.
iii and iv
b.
i and ii
c.
ii and iv
d.
ii and iii
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