Is there a place for substantive analytical procedures?
For many years substantive analytical procedures have been identified by audit file reviewers as an area of weakness across firms of all sizes.
Given these findings there is a real challenge for auditors in deciding when it is suitable to use substantive analytical procedures and ensuring they have the confidence to perform them effectively when they are used. This begs the question "Is there still a place for substantive analytical procedures in an audit?".
Topics covered
This webinar will cover the key practical challenges for auditors trying to answer this question including:
- What often goes wrong?
- when might substantive analytical procedures be appropriate?
- how do auditors get substantive analytical procedures right?
First broadcast 05 July 2016
