Analytical procedures do not need to be performed at the end of the audit as these procedures should have been already performed in the beginning of the audit and as a substantive test during the audit.

Question

Quizplus · Accepted Answer

Analytical procedures should be performed both at the beginning of an audit and as a substantive test during the audit. However, they should also be performed at the end of the audit as a final review of the overall financial statements and to assist in evaluating the overall financial statement presentation and disclosures.

Analytical Procedures Do Not Need to Be Performed at the End