H3: When using a decision aid in an analytical review
task, the effect of an inclusion goal frame reducing the set of explanations will be less in a high-risk environment than in a low-risk environment.
Typically, audit committees focus on deviations from the audit plan, the analytical review
, significant discoveries, resolved and unresolved matters, any disagreements with management, and material audit adjustments as well as immaterial uncorrected misstatements.
Another emerging assurance technique utilizes data provided by sensors in analytical review
Information from on-line services can enhance the required analytical review
procedures of audits and reviews.
A more reliable performance measurement system will provide more assurance that the information generated for analytical review
The authors surveyed the impact of JIT/TQM on the auditor's analytical review
by testing for significant differences in various financial ratios of 103 JIT/TQM companies for the periods before and after the adoption.
* Analytical review
. CD-ROM technology, when combined with the power of PCs, will provide the practitioner access to many published databases from a desktop PC.
The chapters that follow address auditing the different operating cycles; substantive tests, including analytical review
procedures; and audit sampling.
However, examples are the use of spreadsheet software to generate year-to-year variation calculations for analytical review
and the application of computer software to perform test footings of client ledgers and trial balances.