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A Research Note on the Use and Perceived Usefulness of Analytical Procedures by Australian Auditors
Author(s) -
SMITH GEOFFREY,
PSAROS JIM,
HOLMES SCOTT
Publication year - 1999
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.1999.tb00110.x
Subject(s) - audit , accounting , context (archaeology) , business , analytical procedures , big four , walk through test , psychology , joint audit , internal audit , history , archaeology
This paper provides Australian evidence on the use and perceived usefulness of analytical procedures (AP) by both Big 6 and non‐Big 6 auditors. The following questions are posed in the paper. First, what is the extent of usage of AP? Second, which AP are used most frequently? Third, at what stage of the audit are AP used most frequently? Fourth, how effective are AP? Fifth, do auditors expect more or less use of AP in the future? In the context of these questions comparisons are drawn between Big 6 and non‐Big 6 auditors and with two recent overseas studies.