Generally Accepted Auditing Standards Require That Analytical Procedures ________

question 10

Multiple Choice

Generally accepted auditing standards require that analytical procedures ________.

• A)Be used in the planning and final review stages,as well as during the audit as a substantive test.
• B)Be used in the planning and final review stages of the audit and optionally they can be used as a substantive test during the audit.
• C)Be used in the planning stage only,with the option to use them as a substantive test and in the final review stage.
• D)Be used in the final review stage,and can optionally be applied as a substantive test in the planning stage

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Definitions:

Exxon Mobil

An American multinational oil and gas corporation, one of the world's largest publicly traded energy providers and chemical manufacturers.

Consumer Goods

Goods produced for present consumption.

Capital Goods

Long-lasting tangible items that businesses use to produce goods or services, such as machinery, buildings, and equipment.

Technological Improvements

Enhancements or advancements in technology that increase productivity or efficiency in processes, products, or services.