Question

Which of the following approaches is most suitable for auditing the finance and investment cycle?

Answer 1

Answer:

The question is not complete; the options are not given.

This is the complete question

Which of the following approaches is most suitable for auditing the finance and investment cycle?

a) perform extensive tests of controls and limit substantive procedures to analytical procedures

b) Ignore internal controls and perform extensive substantive procedures

c) Gain an understanding of internal controls and perform extensive substantive procedures

d) Ignore internal controls and limit substantive procedures to analytical procedures

Step-by-step explanation:

The right option is option c)

Gain an understanding of internal controls and perform extensive substantive procedures.

The approaches which is most suitable for auditing the finance and investment cycle is gaining an understanding of internal controls and perform extensive substantive procedures. Which makes option c the right option.

Answer 2

Answer:

I would approach it with a graph or chart because that is the best way to go about a problem like this. don't quote me on this though because im only a freshmen in highschool. I hope this helps>

Step-by-step explanation: