Analytical procedures
A) focus on the ending balances for income statement accounts.
B) are only performed during the planning stage of the audit.
C) are required to be performed when auditing an account balance.
D) provide substantive evidence.

Question

Quizplus · Accepted Answer

Analytical procedures provide substantive evidence by helping auditors understand financial relationships and identify any unusual trends or variances that may indicate potential misstatements.

Analytical Procedures