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Question 1.1. (TCO E) (CPA-06360.B) Which of the following statements is true regarding analytical procedures in a review engagement? (Points : 10)
Analytical procedures are not required to be used as a substantive test.
Analytical procedures do not involve comparisons of recorded amounts to expected amounts.
Analytical procedures are required to be used in the final review stage.
Analytical procedures involve the use of both financial and nonfinancial data.