At the Review Stage of an Audit,the Application of Analytical

question 14

Multiple Choice

At the review stage of an audit,the application of analytical procedures is ________.

• A)recommended by auditing standards
• B)not mentioned by auditing standards
• C)not useful,since detailed substantive tests have already been performed
• D)required by auditing standards

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Definitions:

Supplier Evaluation

The process of assessing and approving potential suppliers by quantitative and qualitative assessment.

Order Management

The process of tracking and fulfilling sales orders, from the initial order placement to delivery to the customer.

ISCM

Integrated Supply Chain Management, the coordinated management of the entire supply chain from procurement to delivery for efficiency and competitiveness.

Order Management

The process of efficiently tracking and fulfilling sales orders, from initial order receipt through to delivery.