Analytical procedures:
A)are not a type of audit evidence.
B)are not required during the completion phase of the audit.
C)performed during the planning phase of the audit are used as a substantive test in support of account balances.
D)performed in the completion phase serve as a final review for material misstatements or financial problems.

Question

Quizplus · Accepted Answer

Analytical procedures performed in the completion phase of an audit serve as a final review to identify any material misstatements or financial problems that may have been overlooked during the audit.

Analytical Procedures