Analytical procedures: expectation vs actual
This lesson is part of the course
In this lesson
You build an expectation for each expense account, measure the variance and flag the accounts the audit team has to investigate.
Buy the course once for $9.99 to unlock every lesson and lab, the final exam and the certificate – lifetime access, no subscription.
Lessons in this course
- Materiality: overall, performance & trivial Locked
- Analytical procedures: expectation vs actual Locked
- Monetary unit sampling: size, interval, selection Locked
- Three-way match: PO, receipt, invoice Locked
- Duplicate payments & round-amount tests Locked
- Benford's law: the first-digit test Locked
- Journal-entry testing: weekends, after hours, users Locked
- Ratio red flags: DSO jump & margin swing Locked