Chapter 9, Problem 46RSCQ

To determine

Introduction: Planning analytical procedures give auditors areas where they can identify potential material misstatements. The basic objective behind planning the analytical procedures is to help the auditor to find out the accounts which carry a comparatively high risk of misstatements during the planning phase so that a detailed plan can be laid out that can serve as a base for designing and planning the solution for the assessed risks.

The factors influencing the reliability of data used in planning analytical procedures in the revenue cycle.