Question: While auditing accounts receivable using analytical procedures, the internal auditors discovered the actual accounts receivable numbers were not within the limits of their projected results.

While auditing accounts receivable using analytical procedures, the internal auditors discovered the actual accounts receivable numbers were not within the limits of their projected results. Which of the following describes the best response in exercising due professional care under this situation?

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Investigate unexpected results from the analytical procedures and make sure that they are adequately explained.

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Revise the limits of the projected results according to the needs and expectations of the client.

.

Confirm that all results of the analytical procedures are documented in the audit workpapers.

.

Notify the CAE that the analytical procedures have uncovered fraud in the organization.

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