The effectiveness of statistical analytical review as a substantive auditing procedure: a simulation analysis
Article Abstract:
Simulation methods are used to assess the effectiveness of various analytical review procedures that are combined with a partitioned approach to dollar unit sampling. Analytical review procedures based on regression analysis were applied to two sets of simulated accounting data. The data were seeded with different patterns of known overstatement risk. The analytical review outcomes were then used to compute audit sample sizes and achieved audit detection risk. Regression based analytical reviews were more effective than audit strategies that did not use analytical review. The effectiveness of the analytical review was greatly increased by the use of monthly data. Analytical review models that were based on regression analysis were very efficient in detecting possible material misstatements.
Publication Name: Accounting Review
Subject: Business, general
ISSN: 0001-4826
Year: 1988
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Auditor's use of analytical review in audit program design
Article Abstract:
Descriptive evidence regarding how auditors perform analytical reviews in complex and realistic task settings are discussed. Special attention is paid to how differences in experience affect the design and conduct of analytical reviews. Four auditors were given a comprehensive case and asked to think aloud while performing the task. Both the managers and newly promoted senior auditors identified the crucial audit problems embedded in the case. However, analytical review procedures did not appear to provide a basis for reducing the extent of planned substantive audit procedures. Several behavioral differences were observed during the information gathering and problem solving processes of the managers and newly promoted seniors.
Publication Name: Accounting Review
Subject: Business, general
ISSN: 0001-4826
Year: 1988
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Accounting internships and subsequent academic performance: an empirical study
Article Abstract:
The effect of student internships on subsequent academic performance in the field of accounting is examined. Grade point averages and hours of coursework completed are compared for groups of post-interns and non-interns. Results indicate that only in courses in which interns' experience could be applied to course work was their performance significantly better than that of non-interns.
Publication Name: Accounting Review
Subject: Business, general
ISSN: 0001-4826
Year: 1987
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