Analytical review

Analytical review is carried out at the planning stage to identify trends and areas of risk or possible misstatement. A further assessment may be made at the end of the job after adjustments have been made if required:

AA1.png

  • Amounts are compared on difference and percentage basis, or ratio or gross percentage depending on analysis
  • Analytical review pages pull in figures from the trial balance data - current, prior, difference and percentage columns automatically
  • In the case of trading analysis or ratio analysis specific account lines or subtotals are selected from the trial balance as required
  • Comments, key issues, journals, management letter points, review notes, attachments and follow ups may be added to any item in the analytical review tables: AA1.png
  • Analytical review pages may be shared with client for comment (see sharing)
  • May create more than one version of a some pages - say trading a/c division 1 and trading a/c division 2 - edit pages to rename as required (respawning pages)
  • Preliminary analytical review (C section) uses draft column of trial balance
  • Final analytical review (X section) uses final (adjusted) column of trial balance

 

Have more questions? Submit a request

Subscribe to our mailing list

We have a regular newsletter which includes the latest updates in the audit and assurance space as well as on to our latest work.

Click here to view previous newsletters, enter your email bellow to subscribe.