by
Fathi Matbaq , Senior Purchasing Officer , Alghanim Industries
Analytical Review involve comparisons of recorded amounts to expectations developed by the auditor. Also it includes the studying of significant ratios and trends and the investigation of any unusual fluctuation and items whether in the Income Statement or Balance Sheet .
by
Abdul Khalique , Finance Manager , Value Real Estate & Construction
Analytical Review:
The extent of reliance that an auditor places on the results of analytical review procedures depend on includes materiality of the items involved, assessment of inherent and control risks, etc
It also includes the studying of significant ratios and trends and the investigation of any unusual fluctuation and items whether in the Income Statement or Balance Sheet .Purposes of Analytical Review:
To assist the auditor in planning the nature, timing and extend of other audit procedures
As substantive procedures when their use can be more effective or efficient than tests of details in reducing detection risk for specific financial statement assertion
As an overall review of the financial statements in the final review stage of the audit
