Analytical Procedures - Unit 17
Webby
Registered Posts: 29 Regular contributor ⭐
Can someone summarise what they are exactly, they keep coming up in my notes but I can never remember what they are.
Anyone got any advice on how to remember them?
Cheers
Anyone got any advice on how to remember them?
Cheers
0
Comments
-
Uhm, it's all the ratio calculating and checking with all things you can think of (previous periods, sales with expenses etc).
The best advice I can give you is to look for a number of posts of Steve Collings here and to have a look on his articles on auditing on the website www.accountancystudents.co.uk/news/headlines/C65/
I do hope he doesn't mind me linking to him all the time, but he is way better in explaining stuff than I will ever be!0 -
Rinske - link away!!! you're more than welcome!
Analytical procedures can be adopted to analyse trends between certain items in the financial statements. For example, the auditor will use analytical procedures to identify if there has been any unexpected distortion in (say) gross profit margins. If there has, then the auditor will need to perform procedures to identify whether there are any underlying errors/misstatements giving rise to such a distortion.
There are lots of articles which I have written which Rinske has linked to so have a read of those and if you need any further clarification, then please feel free to post.
Regards
Steve0 -
Cheers Steve, I will do that.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 325 NEW! Qualifications 2022
- 160 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 202 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 583 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership