How to Answer: What are analytical procedures and what are some examples?
Advice and answer examples written specifically for a Senior Auditor job interview.
25. What are analytical procedures and what are some examples?
How to Answer
Analytical procedures are techniques and methods that auditors use to obtain audit evidence which allows them to express an audit opinion. The five main types of analytical procedures are analytical review, inquiry, observation, inspection and recalculation.
Written by Brian Schuchart on January 4th, 2021
Answer Example
"Analytical procedures are the techniques and procedures we use as evidence to express our audit opinion on the client's financial statements. Some common procedures include analytical review, inquiry, observation, inspection and recalculation."
Written by Brian Schuchart on January 4th, 2021
Anonymous Interview Answers with Professional Feedback
Anonymous Answer
"Analytical procedures are such audit procedures that are performed to help the auditor form an opinion on the financial statements. They help to develop relationships between financial and non-financial data. Analytical procedures include ratio analysis, variance analysis, analytical review, inquiry, observation."
Cindy's Feedback
Great. What examples can you show?