Which of the following statements is false regarding planning analytical procedures in the revenue cycle?

a. As revenue is typically regarded as a high-risk account, plan- ning analytical procedures related to revenue are not required.

b. The first step in planning analytical procedures includes developing an expectation of recorded amounts or ratios, and evaluating whether that expectation is precise enough to accomplish the relevant objective.

c. Trend analysis would not be appropriate as a planning analytical procedure in the revenue cycle.

d. All of the above statements are false.