Use of Mathematical Operations in Audit Missions
Author:
Ken GARRETT, ACCA
JEL:
DOI:
Keywords:
assets, liabilities, inventory, receivables
Abstract:
The following article presents the manner in which the use of ratios and comparisons during the audit missions can help the auditor issue a much clearer audit opinion.\r\nRatios and comparisons can be used to identify where the accounts might be wrong, and where additional auditing effort should be spent.\r\nThe professional auditors must prove their ability when they manage the results of the comparisons and ratios and must take into consideration all the aspects which might distort the obtained results.\r\n