Importance of automated analytical procedures to improve the performance of financial audits
DOI:
https://doi.org/10.36958/sep.v8i2.361Keywords:
Automation, financial auditing, International Standards on Auditing, analytical proceduresAbstract
OBJECTIVE: establish the importance of analytical procedures (AP) as tools in financial audits and the benefits they represent to auditors to do their work more efficiently. METHOD: the research consisted of a literature review, an examination of current regulations on the subject, and an analysis of the automated PA methods currently used to improve the performance of these procedures. Eight national and international regulations applicable to financial and government audits were consulted, of which six met the inclusion criteria; five online journal articles were consulted, of which only one met the inclusion criteria; and information was obtained from the global network of knowledge on auditing and internal control, which has extensive content on the subject. RESULTS: this research delved into advanced analytical procedures techniques that may vary depending on the nature of the entity. It was determined that the APs established in the International Standards on Auditing (ISA 502) are fundamental for auditors in the planning, execution, and conclusion of financial audits, because they allow for the identification of anomalies, risks, and trends that may affect the reasonableness of the financial information of a public or private entity. CONCLUSION: in Guatemala, the application of APs is of vital importance because in the business environment, financial transparency and adherence to regulations play a key role in investor confidence.
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References
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Copyright (c) 2025 Irene Alejandra Sagastume Velásquez
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