During which of the following phases of the audit are analytical review procedures required by the auditing standards?

a. The planning phase of the audit.
b. The final review phase of the audit.
c. Both the planning and final review phases of the audit.
d. Performance of tests of controls.

c

Business

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Insurance on equipment purchased, while the equipment is in transit, is part of the cost of the equipment.

a. true b. false

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Some elements of capitalism, such as hard work and individual achievement, are based on the ethics and values of Protestantism

Indicate whether the statement is true or false

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