9. The objective of performing analytical procedures in the planning stage of an audit is to

a. Identify related party transactions that must be disclosed.

b. Identify deficiencies in internal control policies and procedures.

c. Direct the auditors attention to matters having higher risk of material misstatement.

d. Detect misappropriations of assets due to internal control weaknesses.

In an audit of financial statements in accordance with GAAS, an auditor is required to

a. Perform tests of controls on the internal control weaknesses that have been identified to evaluate the system's effectiveness.

b. Identify the specific internal control procedures that are relevant to management's financial statement assertions.

c. Perform tests of controls on the internal control strengths that have been identified to evaluate the system's effectiveness.

d. Document the auditor's understanding of the entity's relevant internal controls.