Analytical procedures are often done:
A) as a part of completing the audit.
B) during the planning phase.
C) when performing detailed tests.
D) all of the above

Question

Quizplus · Accepted Answer

Analytical procedures are used throughout the audit process - during the planning phase to gain an understanding of the client and identify areas of risk, as a part of completing the audit to evaluate the overall reasonableness of the financial statements, and during detailed testing to support audit assertions.

Analytical Procedures Are Often Done