An auditor would place most reliance on the results of analytical procedures when there is:
A)material balance, low inherent risk, low control risk.
B)immaterial balance, high inherent risk, high control risk.
C)material balance, low inherent risk, high control risk.
D)immaterial balance, low inherent risk, low control risk.

Question

Quizplus · Accepted Answer

Analytical procedures are most reliable when the balance is immaterial, and both inherent and control risks are low, as these conditions reduce the likelihood of significant misstatements.

An Auditor Would Place Most Reliance on the Results of Analytical