Emmanuela Zhu was explaining the importance of analytical procedures to her staff. She made two statements: (i) Analytical procedures are conducted throughout an audit.
(ii) Analytical procedures are an efficient method for estimating account balances.
A) Both statements are correct.
B) Neither statement is correct.
C) Only statement (i) is correct.
D) Only statement (ii) is correct.

Question

Quizplus · Accepted Answer

The Answer of Emmanuela Zhu was explaining the importance of analytical procedures to her staff. She made two statements: (i) Analytical procedures are conducted throughout an audit.
(ii) Analytical procedures are an efficient method for estimating account balances.
A) Both statements are correct.
B) Neither statement is correct.
C) Only statement (i) is correct.
D) Only statement (ii) is correct.

Emmanuela Zhu Was Explaining the Importance of Analytical Procedures to Her