Industry comparisons provide an important benefit as:
A) an aid to understanding the client's business.
B) an indicator of errors.
C) a least-cost indicator for audit procedures.
D) an indicator of irregularities.
Correct Answer:
Verified
Q75: Which of the following, when discovered through
Q76: Appropriateness of audit evidence can be improved
Q77: Most auditors prefer to replace tests of
Q78: The most common analytical procedure to assess
Q79: The reliability of audit evidence cannot be
Q81: When analytical procedures reveal no unusual fluctuations
Q82: A cancelled cheque written by the client,
Q83: When an analytical procedure reveals no unusual
Q84: Analytical procedures are usually the most costly
Q85: Confirmations are not ordinarily used to verify
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