FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W16170832> ?p ?o ?g. }

• W16170832 startingPage "79" @default.
• W16170832 abstract "SUBSTANTIVE ANALYTICAL PROCEDURES A thorough understanding of analytical procedures is becoming more and more important to the effective and efficient performance of an audit. In this article, Ray Whittington, CPA, director of audit research at the American Institute of CPAs, New York, focuses on the use of analytical procedures in substantive testing, particularly when they're combined with tests of details for a particular assertion. Statement on Auditing Standards no. 56, Analytical Procedures, effective for audits of financial statements for periods beginning on or after January 1, 1989, makes analytical procedures a required part of the planning and overall review phases of an audit. It also says analytical procedures may be the most effective or efficient substantive procedures for obtaining evidence about certain financial statement assertions. SAS no. 56 says an auditor can rely on substantive procedures to achieve an audit objective through tests of details, analytical procedures or a combination of both. The auditor's decision about the procedures to use depends on what is expected to be more effective and efficient. This is a two-step process. The auditor 1. Determines the overall level of assurance required from the substantive procedures, based on assessments of inherent and control risks. 2. Determines the appropriate mix of substantive tests (analytical procedures and tests of details) based on the nature of the assertion and the tradeoffs between the levels of assurance the tests provide and the time involved in performing them. Substantive procedures. When performing substantive analytical procedures, the auditor develops an expectation about a current financial statement amount using other data--such as comparable prior years' amounts, industry statistics or budgeted amounts. The auditor then compares the expectation to the current amount and investigates any significant differences that resulted. The most important consideration in determining the extent of the assurance obtained from an analytical procedure is the precision of the expectation. The more precise the current estimate, the more evidence is obtained from the analytical procedure. In evaluating the precision of the estimate, SAS no. 56 says the auditor should consider the completeness of the data used to develop the expectation and the level of detail. Broad-level (for example, year-to-year numbers) expectations aren't generally as precise as expectations developed using more detailed (for example, monthly) data. Other factors affect precision, such as the reasonableness and predictability of the relationship between the current amount and the data used to make the prediction and the reliability or accuracy of the data. Therefore, the extent of the analytical procedures that can be performed largely depends on the data that are available to develop the expectations--a factor largely outside the control of the auditor. …" @default.
• W16170832 created "2016-06-24" @default.
• W16170832 creator A5087774304 @default.
• W16170832 date "1990-03-01" @default.
• W16170832 modified "2023-09-28" @default.
• W16170832 title "Substantive Analytical Procedures" @default.
• W16170832 hasPublicationYear "1990" @default.
• W16170832 type Work @default.
• W16170832 sameAs 16170832 @default.
• W16170832 citedByCount "0" @default.
• W16170832 crossrefType "journal-article" @default.
• W16170832 hasAuthorship W16170832A5087774304 @default.
• W16170832 hasConcept C121955636 @default.
• W16170832 hasConcept C147007100 @default.
• W16170832 hasConcept C162118730 @default.
• W16170832 hasConcept C162324750 @default.
• W16170832 hasConcept C170856484 @default.
• W16170832 hasConcept C17744445 @default.
• W16170832 hasConcept C199360897 @default.
• W16170832 hasConcept C199521495 @default.
• W16170832 hasConcept C199539241 @default.
• W16170832 hasConcept C2777026412 @default.
• W16170832 hasConcept C2778870860 @default.
• W16170832 hasConcept C2781027943 @default.
• W16170832 hasConcept C40422974 @default.
• W16170832 hasConcept C41008148 @default.
• W16170832 hasConcept C58812954 @default.
• W16170832 hasConceptScore W16170832C121955636 @default.
• W16170832 hasConceptScore W16170832C147007100 @default.
• W16170832 hasConceptScore W16170832C162118730 @default.
• W16170832 hasConceptScore W16170832C162324750 @default.
• W16170832 hasConceptScore W16170832C170856484 @default.
• W16170832 hasConceptScore W16170832C17744445 @default.
• W16170832 hasConceptScore W16170832C199360897 @default.
• W16170832 hasConceptScore W16170832C199521495 @default.
• W16170832 hasConceptScore W16170832C199539241 @default.
• W16170832 hasConceptScore W16170832C2777026412 @default.
• W16170832 hasConceptScore W16170832C2778870860 @default.
• W16170832 hasConceptScore W16170832C2781027943 @default.
• W16170832 hasConceptScore W16170832C40422974 @default.
• W16170832 hasConceptScore W16170832C41008148 @default.
• W16170832 hasConceptScore W16170832C58812954 @default.
• W16170832 hasIssue "3" @default.
• W16170832 hasLocation W161708321 @default.
• W16170832 hasOpenAccess W16170832 @default.
• W16170832 hasPrimaryLocation W161708321 @default.
• W16170832 hasRelatedWork W103793775 @default.
• W16170832 hasRelatedWork W1484629505 @default.
• W16170832 hasRelatedWork W1487610470 @default.
• W16170832 hasRelatedWork W1558977044 @default.
• W16170832 hasRelatedWork W1564152477 @default.
• W16170832 hasRelatedWork W1987490492 @default.
• W16170832 hasRelatedWork W2000172011 @default.
• W16170832 hasRelatedWork W2033252034 @default.
• W16170832 hasRelatedWork W21365226 @default.
• W16170832 hasRelatedWork W2170429533 @default.
• W16170832 hasRelatedWork W2247542779 @default.
• W16170832 hasRelatedWork W2268795586 @default.
• W16170832 hasRelatedWork W2396487910 @default.
• W16170832 hasRelatedWork W2466062302 @default.
• W16170832 hasRelatedWork W2531618215 @default.
• W16170832 hasRelatedWork W2611165191 @default.
• W16170832 hasRelatedWork W2964875466 @default.
• W16170832 hasRelatedWork W3193148611 @default.
• W16170832 hasRelatedWork W2185063549 @default.
• W16170832 hasRelatedWork W3122838289 @default.
• W16170832 hasVolume "169" @default.
• W16170832 isParatext "false" @default.
• W16170832 isRetracted "false" @default.
• W16170832 magId "16170832" @default.
• W16170832 workType "article" @default.