AU 329: Analytical Procedures1

AU-C 520: Analytical Procedures


Original Pronouncement Statements on Auditing Standards (SASs) 56 and 96.
Effective Date These standards currently are effective.
Applicability Audits of financial statements in accordance with generally accepted auditing standards (GAAS).
NOTE: Some of the guidance provided in this Statement might be useful in other engagements in which analytical procedures are normally applied, such as reviews of interim information or examinations of prospective financial information, even though it is not required to be applied in those engagements.


SAS No. 122, Codification of Auditing Standards and Procedures, is effective for audits of financial statements with periods ending on or after December 15, 2012. AU-C 520 does not change extant requirements in any significant respect.


Analytical procedures. Analytical procedures consist of evaluations of financial information made by an auditor of plausible and expected relationships among both financial and nonfinancial data. They range from simple comparisons (the current year with the preceding year) to the use of complex models involving many relationships and elements of data (regression analysis).

A basic premise underlying the application of analytical procedures is that plausible relationships among data may reasonably be expected to exist and continue except as particular conditions ...

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