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Accounting and Auditing students struggle to see the practical use of Analytical Review (AR). I've simplified this, and it will help you with your studies and practical application.
For risk assessment and evidence, AR provides a huge amount of valuable information for the auditor. In truth, we use it everywhere, everyday. We sometimes just don't know it!
PreviewComparisons: Prior Year (6:28)
StartComparisons: Budgets (9:00)
StartComparisons: Estimates (4:31)
PreviewComparisons: Industry (5:33)
StartEstimates Example (8:33)
StartRelationships: Financial and Financial Information (8:34)
StartRelationships: Financial and Non-financial Information (9:21)
Frequently Asked Questions
I hope you love Analytical Review as much as I do! Keep an eye out for other Auditing Topics I'll cover