Audit Planning

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1 Types

August 31, 2024 4 min read Definitions

Analytical Auditing: In-Depth Exploration of an Essential Audit Approach

Finance Accounting Auditing Auditing Financial Analysis Data Comparison Audit Planning Accounting Practices

An in-depth exploration of analytical auditing, an essential approach in auditing that compares financial and non-financial data for reasonableness. Learn about historical context, methodologies, key events, and more.

August 31, 2024 4 min read Definitions

Risk-Based Audit: Strategic Focus on High-Risk Areas

Auditing Accounting Risk Management Risk-Based Audit Internal Controls Audit Planning Financial Risk Audit Techniques

Risk-based auditing is an approach that identifies and assesses the risks associated with various parts of an organization's system to focus the audit on high-risk areas, thereby increasing the likelihood of detecting errors and irregularities.