Abstract Authoritative auditing and accounting pronouncements, despite discussion of analytical review procedures (ARPs), provide scant direction regarding the nature, timing, and extent to which ARPs should be applied in audits and reviews of financial statements. This paper describes the results of a study on the applicability and usage of many ARPs by CPAs in both types of engagements. We found that (1) auditors apply specific ARPs to a similar extent regardless of the type of engagement, (2) several ARPs are applicable in most practice settings and are applied extensively, and (3) procedures requiring extensive mathematical techniques or additional data generation rarely are employed.
Daroca et al. (Fri,) studied this question.