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