AUDITING+ASSURANCE SERVICES (LL)
AUDITING+ASSURANCE SERVICES (LL)
11th Edition
ISBN: 9781266448119
Author: MESSIER
Publisher: MCG
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Chapter 15, Problem 15.19MCQ
To determine

Introduction:

Analytical audit procedures are audit techniques which aim to highlight possible exceptions and high-risk audit items by taking advantage of relationships exhibited by various audit items.

A comparison of current year revenues and expenses with past year revenue and expenses is a analytical audit procedure which is aimed to find out changes in these figures year on year, a higher percentage of change than expected change would indicate that the general relationship which was expected is not followed and therefore, further investigation is required to find out the cause.

To select: The correct option.

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