AUD Prep: In determining whether and to what extent analytical procedures should be used, what are the four (4) factors that the auditor should consider?

Question

In determining whether and to what extent analytical procedures should be used, what are the four (4) factors that the auditor should consider?

Monique Tyler · Accepted Answer

(1) the nature of the assertion
(2) the plausibility and predictability of the relationship
(3) the availability and reliability of the data used to develop the expectation
(4) the precision of the expectation.

AUD Prep

In determining whether and to what extent analytical procedures should be used, what are the four (4) factors that the auditor should consider?

(1) the nature of the assertion (2) the plausibility and predictability of the relationship (3) the availability and reliability of the data used to develop the expectation (4) the precision of the expectation.

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