The auditor may use analytical procedures during which phase of the audit?
A)Planning the audit.
B)Substantive testing.
C)Completing the audit.
D)All of the above.

Question

Quizplus · Accepted Answer

The auditor may use analytical procedures during all phases of the audit, including the planning phase to gain an understanding of the client's industry and identify areas of potential risk, the substantive testing phase to obtain evidence regarding the correctness and completeness of account balances, and the completing phase to evaluate the overall reasonableness of the financial statements.

The Auditor May Use Analytical Procedures During Which Phase of the Audit