Para 2.1.15 — MSO

B. Analytical Review 2.1.15 Analytical review is a procedure that involves analysis of significant ratios and trends including the fluctuations that are inconsistent with other relevant data or which deviate from expectations. “Expectations” in this context refer to the auditor’s expectations of what a figure in the accounts being audited should approximately be as worked out from other relevant financial and non-financial information. “The commonly used analytical review techniques are

(a) comparisons involving a single component;

(b) comparison across components;

(c) system analysis

(d) predictive analysis;

(e) regression analysis and

(f) business analysis”.