One reason why the independent auditor performs analytical procedures of the client's operations is to identify:
A)deficiencies of a material nature in the internal control.
B)unusual transactions.
C)non-compliance with prescribed control procedures.
D)improper separation of accounting and other financial duties.

Question

Quizplus · Accepted Answer

Analytical procedures are used to identify unusual transactions that may indicate errors or fraudulent activity. These procedures involve comparing financial information to expectations based on prior periods or industry standards, and any significant deviations are further investigated.

One Reason Why the Independent Auditor Performs Analytical Procedures of the Client's