Overview

analytical review


Show Summary Details

Quick Reference

An audit test designed to provide evidence of the completeness, accuracy, and validity of accounting records and financial statements. Analytical review is a type of substantive test that may be used in planning and undertaking an audit. It works by comparing figures and other financial and non-financial data, either internally or with external data, to decide whether they are reasonable. Procedures range from simple comparisons (e.g. comparing current amounts with those of earlier years) to more sophisticated methods using computer audit software and advanced statistical techniques (e.g. multiple regression analysis).

Subjects: Accounting.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.