The auditor performs analytical procedures to
A)increase his understanding of the accounting system
B)identify unexpected changes between his expectations for the current year and the prior year
C)identify areas where he believes the risk of material misstatement might not be present
D)satisfy the requirement of the auditing standards to use analytical procedures during the testing stage

Question

Quizplus · Accepted Answer

Analytical procedures help the auditor identify unexpected changes or variances between current and prior year figures, which might indicate potential misstatements or areas requiring further investigation.

The Auditor Performs Analytical Procedures to