Modern Analytical Auditing: Practical Guidance for Auditors and Accountants

(Hardback)

Publishing Details

Classifications

Physical Properties

Description

Analytical auditing - or the generation of audit evidence from an analysis of the relationships among financial and nonfinancial data - is now a widely used technique in audit practice. This volume is intended to help auditors at all experience levels by providing a better understanding of the range of available analytical auditing techniques, the underlying theory supporting these techniques, and the solutions to practical problems in applying these techniques. 16 different practical analytical auditing procedures are discussed and illustrated in detail, including the graphical, average change, and weighted average methods of simple time series analysis; simple reasonableness tests; various structural modelling and ratio analysis techniques. In addition to coverage of key analytical auditing techniques, McKee also presents a comprehensive discussion of evidence theory that will enable auditors to appropriately combine evidence from analytical auditing with evidence from more traditional audit procedures. He reviews the relevant professional auditing standards for all types of auditors, including international auditing standards, those of the American Institute of CPAs, internal auditing standards, and governmental auditing standards. Also, there is an extended discussion and illustrations of computer applications of analytical auditing techniques. Throughout the book, tables and figures illustrate the techniques and concepts presented.

Reviews

. . . The author is to be complimented for pushing the boundaries of the applications of analytical auditing. Does this book meet its objectives In my view, the answer is yes. This is not a book for academics or students interested in auditing. However, it is not intended to be. A professional auditor, after reading this book, would most likely have an increased awareness and understanding of the potential of analytical auditing. This is particularly so for some of the more sophisticated analytical procedures suggested in the academic literature, and their implementation by way of microcomputer software. If it encourages auditors to delve more deeply into the practice applications of these methods the book will have served its purpose.-The Accounting Review
This is a well-written treatment of the subject that will help increase the auditor's understanding of the beneficial use of a wide range of analytical procedures.-Journal of Accountancy
"This is a well-written treatment of the subject that will help increase the auditor's understanding of the beneficial use of a wide range of analytical procedures."-Journal of Accountancy
." . . The author is to be complimented for pushing the boundaries of the applications of analytical auditing. Does this book meet its objectives In my view, the answer is yes. This is not a book for academics or students interested in auditing. However, it is not intended to be. A professional auditor, after reading this book, would most likely have an increased awareness and understanding of the potential of analytical auditing. This is particularly so for some of the more sophisticated analytical procedures suggested in the academic literature, and their implementation by way of microcomputer software. If it encourages auditors to delve more deeply into the practice applications of these methods the book will have served its purpose."-The Accounting Review

Author Bio

THOMAS E. MCKEE is Professor of Accountancy at East Tennessee State University. His research has appeared in publications such as The Journal of Accountancy, The CPA Journal, The Journal of Accounting Education, Internal Auditor, and Management Accounting.