auditing methods

What Is An Analytical Review In Auditing?

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What Is An Analytical Review In Auditing? An analytical review is used by auditors to assess the reasonableness of account balances. A CPA does this by comparing changes in account balances over time, as well as by comparing related accounts. … If sales increase by 20% during the review period, then accounts receivable should increase

What Are The Three Types Of Audits And What Are The Characteristics Of Each?

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What Are The Three Types Of Audits And What Are The Characteristics Of Each? There are three main types of audits: external audits, internal audits, and Internal Revenue Service (IRS) audits. External audits are commonly performed by Certified Public Accounting (CPA) firms and result in an auditor’s opinion which is included in the audit report.