Which of the following is a reason that the auditor uses an accounting approach when performing an audit?
A. The accounting cycle approach allows the auditor to focus exclusively on either the balance sheet or the income statement.
B. COSO internal control components are based on the accounting cycles.
C. The accounting cycles provide a convenient way to break the audit up into manageable pieces.
D. The auditor needs to be able to provide an opinion related to each accounting cycle.
Answer: C
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