Major significations of a micro standard – ISA 520 „Analytical Procedures“

Author:PhD. Alexandru RUSOVICI, PhD. Gheorghe RUSU

JEL:

DOI:

Keywords:analytical procedures, investigation indicators, materiality, precision level, risk value

Abstract:
The current requirements of an audit engagement as well as of those expected from the auditors’ responsibilities resulting from the EU Eighth Directive provisions knowledge and application determine our plead in favor of considering the signification of all the auditing standards, no matter their size. \r\n\r\nThe analytical procedures, besides the statistical value of the content of ISA 520, presents itself as a completion to the indicators table useful at the beginning of the engagement, as well as when completing the audit report, with the promise of future developments in the banking area.

---