Analytical procedures performed during substantive testing are typically those done as part of planning.
A) less focused than
B) about the same as
C) less extensive than
D) more focused than

Question

Quizplus · Accepted Answer

Analytical procedures performed during substantive testing are more focused than those done as part of planning. This is because substantive testing involves obtaining evidence to support the financial statement assertions, while planning involves obtaining a general understanding of the client's business and identifying areas of potential risk. Therefore, the analytical procedures performed during substantive testing are more tailored to specific aspects of the financial statements that management has identified as significant.

Analytical Procedures Performed During Substantive Testing Are Typically Those Done