Tóm tắt
Analytical procedures entail estimating an expected value for an account
and comparing the estimation to the book value. External auditors make
extensive use of analytical procedures. By applying analytical
procedures before the external audit is performed, the management
accountant can locate and correct misstatements before they become
problematic. Examines the three categories of analytical procedures and
their utility to the management accountant. The three categories are:
reasonableness tests, trend analysis, and ratio analysis. Explains each
category and discusses the methods within each category. Also, provides
examples to aid the accountant in applying the procedures.
