Question 1
Auditors compare client data with
◦ industry data.
◦ client-determined expected results.
◦ similar prior-period data.
◦ All of these.
Question 2
Industry comparisons can be used as
◦ an aid to understanding the client's business.
◦ an indicator of errors.
◦ an indicator of fraud.
◦ an aid to internal controls.