auditing procedures

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 Substantive Analytical Procedures?

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What Are Substantive Analytical Procedures? Substantive analytical procedures. Analytical procedures are used as substantive procedures when the auditor considers that the use of analytical procedures can be more effective or efficient than tests of details in reducing the risk of material misstatements at the assertion level to an acceptably low level. What are examples of