14556

Joshua Onome Imoniana
Maria Thereza Pompa Antunes
Stephanie Martins Mattos
Ernani Maciel

Advances in Scientific and Applied Accounting

This study investigates the relationship between the audit objective and the choice of substantive procedures used to ensure the satisfaction of the auditor. The research that gave support to the current study is exploratory and adopted a non-probabilistic sample comprising 28 auditors of an Undergraduate and Master’s degree programs in Accounting of a Brazilian University. Thus, to preserve the maturity and skill expected of the respondents of the research we restricted a minimum of one year of auditing experience for the auditor that might have served in one of the Big Four Auditing firm. Methodology wise, we applied a qualitative ordinal approach and the research question is as follows: What are the characteristics of Analytical Review Procedures that guide auditors’ judgment while choosing among a mix of procedures to meet the requirements of the substantive tests? Our analysis was based on absolute frequency analysis of the use of the substantive procedures. In this respect, our results revealed that auditor’s satisfaction is anchored on the materiality of the accounts or group of accounts to be audited. Yet they give a relative importance to judgment of risk and relevance of misstatement that each account presents. In so doing, auditors give preference to substantive procedures in which one is able to gather information from third parties to confirm accounting balances while giving less priority to recalculation of routine tests developed by the audited entities.

Analytical procedure, Analytical review, Auditing, Big-four, Substantive testing

IMONIANA, J. O.; ANTUNES, M. T. P.; MATTOS, S. M.; MACIEL, E. The analytical review procedures in audit: an exploratory study. Advances in Scientific and Applied Accounting, v. 5, n. 2, p. 282-303, 2012.

Imoniana, J. O., Antunes, M. T. P., Mattos, S. M., & Maciel, E. (2012). The analytical review procedures in audit: an exploratory study. Advances in Scientific and Applied Accounting, 5(2), 282-303.

http://www.spell.org.br/documentos/ver/14556/the-analytical-review-procedures-in-audit--an-exploratory-study/i/pt-br

Artigo

Inglês

Van BATENBURG, Paul C; O’HAGAN, Anthony; Ruud H. VEENSTRA. Bayesian discovery sampling in financial auditing: a hierarchical prior model for substantive test sample sizes. The Statistician, v. 43, n. 1, p. 99-110, 1994.

ALMEIDA, Bruno José Machado de. Análise comparativa das filosofias de auditoria. Revista de Contabilidade e Finanças – USP n. 37, 2005.

ALMEIDA, Marcelo Cavalcanti. Auditoria: um curso moderno e completo. São Paulo: Atlas, 2003.

BEUREN, Ilse Maria. Como elaborar trabalhos monográficos em contabilidade: Teoria e prática. Rio de Janeiro: Atual, 2009.

BOYNTON, William C. Auditoria. São Paulo: Atlas, 2002.

CUNHA, Paulo Roberto; BEUREN, Ilse Maria. Técnicas de amostragem utilizadas nas empresas de auditoria independente estabelecidas em Santa Catarina. Revista de Contabilidade e Finanças – USP, n. 40, 2006.

CUSHING, B.; J. LOEBBECKE. Comparison of Audit Methodologies of Large Accounting Firms. Accounting Research Study, n. 26 Sarasota Fl: AAA, 1986.

DANOS, P., and J. EICHENSEHER. Long-term trends toward seller concentration in the U.S. audit market. The Accounting Review, n. 61, p. 633-50, oct. 1986.

EICHENSEHER, J.; D. SHIELD. The correlates of CPA-firm change for publicly-held Corporations. Auditing: A Journal of Practice & Theory, n. 2, p. 23-37, Spring 1983.

GIL, Antonio Carlos. Métodos e técnicas de pesquisa social. São Paulo: Atlas, 1999.

IMONIANA, Joshua Onome. Auditing: a contemporary approach. São Paulo: Associação de Ensino de Itapetininga, 2001.

KINNEY, W. R. Jr.. ARIMA and regression in analytical review: An empirical test. The Accounting Review,v. 53, n. 4, p. 8-60, January 1978.

KINNEY, W. R. Jr. Attention directing analytical review using accounting ratios: a case study. Auditing: A Journal of Practice & Theory, n.6, p. 59-73, Spring 1987.

MILLICHAMP, A. H.. Auditing. 7th Edition. London: Letts Educational, p. 225 – 419, 1996.

NBC T 11. NORMAS BRASILEIRA DE CONTABILIDADE. NBC T 11, de 17.12.1997.

SANTI, Paulo Adolpho. Introdução à auditoria. São Paulo: Atlas, 1988.

SOUZA, Natólio de. Auditoria e gestão, aliança na evolução dos negócios. Gazeta Mercantil. São Paulo, Caderno D, p. 2, 23 ago. 1999..

WHEELER, Stephen; Kurt, PANY. Assessing the Performance of Analytical Procedures: A Best Case Scenario. The Accounting Review, v. 65, n. 3,p. 555-577, 1990.