Analytical procedures are mandatory during which phases of the audit?
A)tests of controls and tests of details
B)planning and risk response
C)planning and tests of details
D)tests of details and final evaluation

Question

Quizplus · Accepted Answer

Analytical procedures are mandatory during the planning phase to understand the client's business and to assist in determining the nature, timing, and extent of other audit procedures. They are also required during the final evaluation phase to assist in the overall conclusion and assessment of the financial statement presentation.

Analytical Procedures Are Mandatory During Which Phases of the Audit