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

Question

Quizplus · Accepted Answer

Analytical procedures are required during the planning and completion phases of an audit to understand the entity's business and to assess the overall financial statement presentation.

The Auditing and Assurance Standards Board Has Concluded That Analytical