Analytical procedures

Analytical procedures,

Definition of Analytical procedures:

  1. The process of assisting an auditor in determining the specific business that their client is involved in, as well as to better understand any changes to that particular business. This also includes the identification of any types of risk areas that the company may face.

Meaning of Analytical procedures & Analytical procedures Definition

Analytical Procedures,

What Does Analytical Procedures Mean?

  • Analytical Procedures refers to Significant evidence from financial information that explores the relationship between data through the acquisition of evidence. These methods include: (1) comparing financial information with information from previous periods (2) comparing financial information with expected outcomes (e.g., estimates) and (3) the relationship between elements of financial information Testing Company experience based on a forecasting model (4) Comparing financial information with industry standards.

Literal Meanings of Analytical Procedures

Analytical:

Meanings of Analytical:
  1. Related to or using logical reasoning or analysis.

Sentences of Analytical
  1. Analytical method

Synonyms of Analytical

exact, critical, accurate, methodical, inquisitive, well organized, ordered, interpretative, precise, regulated, systematic, controlled, inquiring, investigative, mathematical, orderly, rational, organized, searching, rigorous

Procedures:

Meanings of Procedures:
  1. An established or official way of doing something.

Sentences of Procedures
  1. Police are reviewing the procedure

Synonyms of Procedures

proceeding, modus operandi, plan, technique, approach, policy, method, standard operating procedure, SOP, measure, system, agenda, strategy, way, line of action, plan of action, MO, process, course of action, operation, formula

Analytical Procedures,

Analytical Procedures:

Solid evidence from financial information that studies relationships and data as a means of obtaining evidence. These methods include: (1) comparing financial information with historical information Enys (4) comparing financial information with industry standards.

Literal Meanings of Analytical Procedures

Analytical:

Meanings of Analytical:
  1. Associating or using logical reasoning or analysis.

Synonyms of Analytical

logical, scientific, diagnostic, meticulous

Procedures:

Synonyms of Procedures

stratagem, mechanism, series of steps, methodology, MO (modus operandi), means, practice, drill, routine

Analytical Procedures

A comprehensive audit of financial information that examines the relationship between data to obtain evidence. These procedures include: (1) comparing financial information with information from comparable prior periods (2) comparing financial information with expected results (for example, forecasts) (3) examining relationships between financial information, which should follow predictable patterns of based on the company's results. experience (4) Comparison of financial information with industry standards.