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Analytical review and analytical procedure

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Analytical review and analytical procedure

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Kim Smith.
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  • October 21, 2018 at 1:23 pm #479366
    jihun lee
    Member
    • Topics: 117
    • Replies: 51
    • ☆☆

    Hi,

    May i know what is the difference between those analytical review and analytical procedure ?

    October 22, 2018 at 7:32 am #479434
    Kim Smith
    Keymaster
    • Topics: 135
    • Replies: 8346
    • ☆☆☆☆☆

    The correct technical term is “analytical procedures” which replaced the term “analytical review” many years ago in the auditing standards. However, the latter term was used for such a long time that it is still used. I think it’s better to use the word procedures as the better descriptor.

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