For low risk accounts, CPAs should perform an analytical review
of the account balance to ensure it is within reasonable limits that would provide adequate evidence upon which to base a conclusion that the account does contain a significant or material misstatement.
Although auditors traditionally perform preliminary analytical review
procedures in every financial statement audit engagement, such analytical procedures generally use data aggregated at a high level Therefore, the results of those analytical procedures only provide a broad initial indication about whether a material misstatement of the financial statements may exist.
The working group will propose its recommendations on prevention of financial crises, publish analytical reviews
and post statements concerning the current state of the world financial markets and publish them in media.
Technical papers should describe original research or provide descriptive and analytical reviews
of topics related to instrumentation, systems, and automation.
the tax implications and reporting of the previously announced fourth quarter sale of Southeastern Employee Benefits Services, and completion of other analytical reviews
Today's economic uncertainty has put new pressure on enterprises to perform cautious analytical reviews
of their current and proposed programs," says Carl Frappaolo, executive vice president and leader of Delphi's consulting practice.