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Determine the factors of auditors
When anticipating to apply analytical review as a substantive procedure, auditors determine a number of factors like:
Factor
Impact on use
Plausibility/predictability of relationships
If relationship is strong (for example commission on sales) analytical procedure may suffice.
Degree of disaggregation of available
information
Procedures are more effective when applied to components.
Availability of financial and non-financial
data
Independently prepared non-financial data will allow more effective procedures.
Relevance of information
Budgets which are based on expectation are more useful than targets.
Comparability of information
Broad industry data (for example RPI) mayn't be relevant to specialised industry.
Knowledge gained previously
Effective procedures are based on recognising unexpected/unusual variations.
If knowledge is limited, it's difficult to know what to expect.
Reliability of various forms of data
If data used is unreliable, then any results are equally unreliable hence procedures less effective.
Nature of enterprise and its operations
Some businesses lend themselves to analytical procedures as steady trends develop therefore easier to know what to expect and spot variations.
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