Analytical procedures used during risk assessment in an audit should focus on
A. Reducing the scope of tests of controls and substantive tests.
B. Providing assurance that potential material misstatements will be identified.
C. Enhancing the auditors understanding of the clients business.
D. Assessing the adequacy of the available evidence.
Answer:C
Analytical procedures used during risk assessment in an audit should focus on
A. Reducing the scope of tests of controls and substantive tests. B. Providing assurance that potential material misstatements will be identified. C. Enhancing the auditors understanding of the clients business. D. Assessing the adequacy of the available evidence.