2018 – 06/29 – Using analytical procedures in an audit provides many benefits

2018 – 06/29 – Using analytical procedures in an audit provides many benefits

Ratio analysis, regression and other analytical procedures can help make your audit more efficient and effective. Analytics can be used to identify misstatements with less effort and paperwork than traditional, manual testing. But it’s critical to tell your auditor about any recent changes to your operations, accounting methods or market conditions. This helps auditors develop more reliable expectations and identify plausible explanations for material discrepancies. Contact us about ways to incorporate more analytics into next year’s audit.

attachment

Tag:

Tag:

Let’s Discuss Your Financial Success

Our firm has been helping both individuals and businesses create bright futures for their finances since 1977.