Performing analytical procedures during the planning process allows the auditor to
A)identify areas where client performance is consistent with its expectations
B)develop an audit program to gather evidence regarding financial statement areas that are most likely to be materially misstated
C)schedule more time for substantive testing
D)schedule more time for testing of controls

Question

Quizplus · Accepted Answer

Analytical procedures during planning help auditors identify areas with potential misstatements, allowing them to focus their audit program on these areas.

Performing Analytical Procedures During the Planning Process Allows the Auditor