For audits of financial statements made in accordance with generally accepted auditing standards, the use of analytical procedures is required to some extent:

Question

Quizplus · Accepted Answer

Choice "C" is correct. Analytical procedures are required to be applied to some extent in planning and in the final review stage. In addition, although not required, analytical procedures may be used as a substantive test when they are more effective or efficient than tests of details. Choices "A", "B", and "D" are incorrect, per the above Explanation.

For Audits of Financial Statements Made in Accordance with Generally