Documenting audit and review procedures often feels more like administrative than value-adding work.

Analytical Procedures can be used by accountants during the planning and review stages of an audit to calculate variances between actual and expected financials, document the variances and assumptions ...

AI transforms this dynamic by eliminating routine procedures that drive talent away while preserving the analytical work that initially attracted people to accounting.

In circumstances where the auditor plans to stratify a population and select sample items via nonstatistical procedures, using the Excel Solver to select strata boundaries will likely improve audit ...

Bottomly presented a session on improving audit planning effectiveness and efficiency at the AICPA ENGAGE Conference on Monday in Las Vegas. During an interview before the conference, she said that ...

Mieke Jans, Michael G. Alles, Miklos A. Vasarhelyi, A Field Study on the Use of Process Mining of Event Logs as an Analytical Procedure in Auditing, The Accounting Review, Vol. 89, No. 5 (SEPTEMBER ...

Although lower-level auditors increasingly carry out mandatory analytical procedures (APs) in audits, they do not perform as well as partners and managers. In order to improve performance in APs by ...

Understanding the key components of internal audits becomes essential as AI reshapes traditional audit procedures. Current vision Marko Glisic’s vision isn’t hypothetical but happening now.