During audit planning, the auditor uses analytical procedures primarily to:
A)identify weaknesses in internal control.
B)determine if the company's financial statements appear reasonable and are free of material misstatement.
C)determine the correspondence of the company's financial statements to the valuation and accuracy audit objectives.
D)determine the nature, extent, and timing of audit procedures.

Question

Quizplus · Accepted Answer

During audit planning, auditors use analytical procedures to help determine the nature, extent, and timing of audit procedures by identifying areas that may require more attention.

During Audit Planning, the Auditor Uses Analytical Procedures Primarily To