Publication
Analytical procedures: are they useful for auditing purposes? An Iberian Peninsula approach
| dc.contributor.author | Pinho, Carlos | |
| dc.contributor.author | Santos, Paula | |
| dc.contributor.author | Martinho, Carla | |
| dc.date.accessioned | 2023-01-30T12:01:06Z | |
| dc.date.available | 2023-01-30T12:01:06Z | |
| dc.date.issued | 2022-12 | |
| dc.description.abstract | The use of analytical audit procedures has been reinforced in view of the increase in the number and complexity of transactions of the audited entities. Previous studies indicate that its use is more significant in the planning and opinion formation phases. Even so, the growing use of software to support audit work has reinforced its usefulness in the phase of collecting audit evidence. To complement those conclusions, the investigation of this article is: in which areas analytical procedures are more suitable for use as evidence gathering? In fact, several studies have been carried out to understand the usefulness of analytical procedures during the different steps of a financial audit, but there is a lack of studies concerning in what financial statements / auditing areas such procedures are more likely to be useful. This study focused on a survey carried out with auditing partners from Big4 audit firms in the Iberian Peninsula, in order to obtain their perception of the areas of work in which analytical procedures are most frequently used as evidence collection. The results obtained, based on statistical descriptive analysis and confidence intervals prepared at a 95% level of confidence, point to the fact that analytical procedures are mostly used in areas of work related to the Profit & Loss Account, particularly in the areas of (i) Sales / Customers, (ii) Purchases / Suppliers, (iii) Personnel Expenses and (iv) Income / Financial Expenses. At a significantly lower level, it is shown that in the areas of the Balance Sheet the use of analytical procedures is considered in a much lesser degree. Furthermore, it appears that the typology of analytical procedures used in these areas correspond mainly to comparison tests, trend analysis, ratio analysis, reasonability tests, all those categorized to be less complex analytical procedures. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.citation | Carlos, P., Gomes, S. P., Carla, M. (2022). Analytical Procedures – Are They Useful for Auditing Purposes? An Iberian Peninsula Approach. International Journal of Economics and Finance Studies, 14 (03), 302-321. doi:10.34111/ijefs. 20220075 | pt_PT |
| dc.identifier.doi | 10.34109/ijefs. 20220075 | pt_PT |
| dc.identifier.issn | 1309-8055 | |
| dc.identifier.uri | http://hdl.handle.net/10400.2/13235 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.subject | Financial auditing | pt_PT |
| dc.subject | Analytical procedures | pt_PT |
| dc.subject | Assurance | pt_PT |
| dc.title | Analytical procedures: are they useful for auditing purposes? An Iberian Peninsula approach | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.endPage | 321 | pt_PT |
| oaire.citation.startPage | 302 | pt_PT |
| oaire.citation.title | INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCE STUDIES | pt_PT |
| person.familyName | Pinho | |
| person.familyName | Martinho | |
| person.givenName | Carlos | |
| person.givenName | Carla | |
| person.identifier.ciencia-id | F717-CC2C-5488 | |
| person.identifier.ciencia-id | 9C11-021F-D7ED | |
| person.identifier.orcid | 0000-0002-5509-2921 | |
| person.identifier.orcid | 0000-0001-7675-7390 | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |
| relation.isAuthorOfPublication | 4b8ea25d-af0c-4ceb-9794-c3b79e216aa2 | |
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| relation.isAuthorOfPublication.latestForDiscovery | 59227e41-4342-4104-815e-25f5a1da5cc3 |