The cycle approach to segmenting an audit:
A) requires different audit teams to ensure objectivity.
B) keeps closely related types of transactions and account balances in the same segment.
C) divides the different operation areas of the client's business operations.
D) all of the above

Question

Quizplus · Accepted Answer

The cycle approach to segmenting an audit keeps closely related types of transactions and account balances in the same segment. This allows for a more focused audit approach and ensures that all relevant areas are covered in the audit. While having different audit teams and dividing the different operation areas of the client's business operations may also be beneficial, they are not specific to the cycle approach to segmenting an audit.

The Cycle Approach to Segmenting an Audit