(Auto-Graded) Professional Application, Question 8.16 (Part Level Submission) Analysis is a substantive audit procedure that auditors use when they are performing financial statement audits. (a) Which of the following describes analysis? O Evaluation of inter-relationships between elements of financial and non-financial information O Comparison of relationships with auditor's assessments of the expected relationships and balances Investigation of significant fluctuations Only used by auditors at the planning stage of the audit O Observation of control procedures used by the client Used by auditors during the execution phase of the audit as a substantive procedure Attempts: 0 of 4 used