The audit approach based on controls

Author:Mihai Adrian ANIŢĂ

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Keywords:analytical procedures, audit standards, tendency analysis, indicators analysis, regression analysis, reasonability test, scanning analysis, professional skepticism, controls testing

Abstract:
Before trying to perform the analytical audit procedures we should establish, what are the objectives we are trying to reach by using these procedures. Our objectives can be determined by analyzing some questions like, for example:\r\n• What is the purpose of the analytical procedures (e.g: to assess the risk or to obtain certainty)?\r\n• What level of assurance we would like to obtain by using the analytical procedures?\r\n• What is the materiality of the account to be audited?\r\n

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