Analytical Review Procedures Are Required by GAAS for Which of the Following

question 110

Multiple Choice

Analytical review procedures are required by GAAS for which of the following?

• A)the planning stages of the audit.
• B)the final phase of the audit.
• C)both the planning and final phases of the audit.
• D)performance of tests of controls.

Understand the impact of transactions on the accounting equation and financial statements.

Recognize the categorization of business activities into operating, investing, and financing activities.

Analyze the effects of cash transactions on the accounting equation.

Understand the calculation and significance of net income or loss.