Analytical procedures used in planning an audit should focus onSelect one:a.Providing assurance that potential material misstatements will be identified.b.Assessing the adequacy of the available evidential matter.c.Enhancing the auditor's understanding of the client's business.d.Reducing the scope of tests of controls and substantive tests.

Understanding the business and using this information appropriately assists the auditor in, exceptSelect one:a.Planning and performing the audit effectively and efficiently.b.Evaluating audit evidence.c.Assessing risks and identifying potential problemsd.Deciding whether to do tests of controls

What is the primary purpose of substantive analytical procedures in an audit?Option     To obtain relevant and reliable audit evidence when forming an overall conclusion about the financial statements.     To determine the suitability of analytical procedures for identified assertions.     To evaluate the reliability of the data used to develop the auditor's expectation.     To identify and assess the risks of material misstatement for planning purposes.

Adequate planning of the audit work helps the auditor of accomplishing the following objectives, exceptSelect one:a.Gathering of all corroborating audit evidence.b.Identifying the areas that need a service of an expert.c.Ensuring that appropriate attention is devoted to important areas of the audit.d.The audit work is completed efficiently.Clear my choice

Identify and explain the need for, benefits of and importance of planning an audit

audit procedures