The Auditing and Assurance Standards Board has concluded that analytical procedures are so important that they are required during:
A) planning and completion phases.
B) planning and testing phases.
C) planning, testing and completion phases.
D) testing and completion phases.

Question

Quizplus · Accepted Answer

Analytical procedures are required during the planning and completion phases of an audit to help in understanding the business and assessing risks, as well as to evaluate the conclusions reached.

The Auditing and Assurance Standards Board Has Concluded That Analytical