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ASA 520 - Analytical Procedures - October 2009
Investigating Results of Analytical ProcInvestigating Results of Analytical Procedures
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Investigating Results of Analytical Procedures
- If analytical procedures performed in accordance with this Auditing Standard identify fluctuations or relationships that are inconsistent with other relevant information or that differ from expected values by a significant amount, the auditor shall investigate such differences by:
- Enquiring of management and obtaining appropriate audit evidence relevant to management’s responses; and
- Performing other audit procedures as necessary in the circumstances.
(Ref: Para. A20-A21)
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