Analytical procedures: (a) Are less efficient than substantive testing of details. (b) Place less reliance on the

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Analytical procedures:
(a) Are less efficient than substantive testing of details.
(b) Place less reliance on the client’s accounting records than substantive testing of details.
(c) Are relied on to a greater extent when a client’s internal controls are effective.
(d) Are most useful when inherent and control risk are high.

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Auditing A Practical Approach

ISBN: 978-1118849415

2nd Canadian edition

Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren

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