When analytical procedures are performed during substantive testing, they are typically more focused and extensive than when performed as part of audit planning.

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Quizplus · Accepted Answer

This statement is true. During substantive testing, analytical procedures are performed in order to gather more specific information about the financial statements and transactions being tested, making them more focused and extensive than during audit planning where they are used for risk assessment purposes.

When Analytical Procedures Are Performed During Substantive Testing, They Are