UK Accounting Glossary
Analytical auditing is simply using analytical procedures whilst auditing to allow the auditor to understand the business, and changes to a clients business.
These analytical procedures are part of the many tools an auditor will use, and can help to highlight areas of concern or areas of growth.
Analytical auditing is the adoption of an analytical approach to an audit, whereby you would compare figures and various other non-financial and financial data either with external or internal data, to determine whether the image that has been presented is reasonable.
Analytical auditing and the procedures of analytical auditing can be used at any stage of an audit, whether that is whilst planning, during or in the final stages of an audit when any tests of the details have been finished.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Analytical Auditing are sourced/syndicated and enhanced from:
This glossary post was last updated: 30th January 2019.