CONTENTS

PREFACE

AUTHORITY STATEMENT

Paragraphs

Application.................................. 1-2

Operative Date................................ 3

Introduction.................................. 4-7

Nature and Purpose of Analytical Procedures............ 8-11

Analytical Procedures as Risk Assessment Procedures...... 12-14

Analytical Procedures as Substantive Procedures......... 15-17

Suitability of Using Substantive Analytical Procedures Given the Assertions 18-19

The Reliability of the Data........................ 20-21

Whether the Expectation is Sufficiently Precise........... 22

Amount of Difference of Recorded Amounts from Expected Values that is Acceptable 23-24

Analytical Procedures in the Overall Review at the End of the Audit 25-26

Investigating Unusual Items....................... 27-28

Conformity with International Standards on Auditing...... 29