WAYS OF USING ANALYTICAL PROCEDURES IN ASSESSING THE RELIABILITY OF INFORMATION ABOUT LIABILITIES
Keywords:
liabilities, short-term liabilities, long-term liabilities, audit, audit organization, audit conclusion, audit evidence
Abstract
The use of international standards in auditing procedures leads to an increase in the quality of auditing. In order to increase the quality of the audit, it is necessary to pay attention to its methodological aspects, in particular, the wide use of analytical procedures during the audit process. This article describes the directions of applying analytical procedures in the audit of liabilities. As a result of the research, proposals were developed to improve the process of applying analytical procedures in the performance audit.
References
1. International standard on auditing No. 520 “Analytical procedures”. www.ifac.org
2. Anneke Maré Moolman. The usefulness of analytical procedures, other than ratio and trend analysis, for auditor decisions. //International Business & Economics Research Journal –Third Quarter 2017. Volume 16, Number 3. Pages 171-183.
3. Carlos Pinho. The usefulness of analytical procedures: an empirical approach in the auditing sector in Portugal. //International Journal of Business and Social Research, August 2014. Pages 24-33.
4. Mohammed Eid Al-Hajaia. The Extent of Analytical Procedures Implementation (International Standard on Auditing No. 520) in Limited Liability Companies. // International Journal of Academic Research in Business and Social Sciences, 12(9). Pages 1154-1169.
5. Deniz A. Appelbaum, Alex Kogan, Miklos A. Vasarhelyi. Analytical procedures in external auditing: A comprehensive literature survey and framework for external audit analytics. //Journal of Accounting Literature. Volume 40 Issue 1, 2018. Pages 83-101.
6. Joshua Onome Imoniana, Maria Thereza P. Antunes, Stephanie Martins Mattos, Ernani Maciel. The analytical review procedures in audit: an exploratory study. //Advances in Scientific and Applied Accounting. Volume 5, № 2, 2012. Pages 282-303.
2. Anneke Maré Moolman. The usefulness of analytical procedures, other than ratio and trend analysis, for auditor decisions. //International Business & Economics Research Journal –Third Quarter 2017. Volume 16, Number 3. Pages 171-183.
3. Carlos Pinho. The usefulness of analytical procedures: an empirical approach in the auditing sector in Portugal. //International Journal of Business and Social Research, August 2014. Pages 24-33.
4. Mohammed Eid Al-Hajaia. The Extent of Analytical Procedures Implementation (International Standard on Auditing No. 520) in Limited Liability Companies. // International Journal of Academic Research in Business and Social Sciences, 12(9). Pages 1154-1169.
5. Deniz A. Appelbaum, Alex Kogan, Miklos A. Vasarhelyi. Analytical procedures in external auditing: A comprehensive literature survey and framework for external audit analytics. //Journal of Accounting Literature. Volume 40 Issue 1, 2018. Pages 83-101.
6. Joshua Onome Imoniana, Maria Thereza P. Antunes, Stephanie Martins Mattos, Ernani Maciel. The analytical review procedures in audit: an exploratory study. //Advances in Scientific and Applied Accounting. Volume 5, № 2, 2012. Pages 282-303.
Published
2023-08-24
How to Cite
Ochilov Farxodjon Shavkatjon ugli. (2023). WAYS OF USING ANALYTICAL PROCEDURES IN ASSESSING THE RELIABILITY OF INFORMATION ABOUT LIABILITIES. International Journal on Economics, Finance and Sustainable Development, 5(8), 66-70. https://doi.org/10.31149/ijefsd.v5i8.4741
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