About this document
SA 520 Analytical Procedures Overview by Apeksha Chilwal is a document available to read on EtoBox.
Analytical procedures involve analyzing financial and non-financial data to identify unexpected trends or relationships. This can be done by comparing current period data to prior periods, budgets, or industry benchmarks. For example, comparing expense ratios to prior years or anticipated results can help identify potential issues. Analytical procedures provide audit evidence and can help identify risks of material misstatement, unusual transactions, or fraud. Considerations for public sector entities inclu
- Author
- Apeksha Chilwal
- Language
- EN