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Analytical review applications among large audit firms in Hong Kong

Stella Cho (Assistant Professor of Accounting, The Department of Accountancy, The Hong Kong Polytechnic University, Kowloon, Hong Kong)
Albert Y. Lew (Associate Professor of Accounting, The School of Accountancy, The Chinese University of Hong Kong, Shatin, Hong Kong)

Managerial Auditing Journal

ISSN: 0268-6902

Article publication date: 1 November 2000

1325

Abstract

Considerations for time, cost, and audit comfort in completing audit engagements have gradually led to extensive use of analytical review (AR) in external audits by large accounting firms in Hong Kong. AR is now being used by auditors as “attention‐directing” at the planning stage, “test‐reducing” at the fieldwork stage, and an overall reasonableness check in arriving at the true‐and‐fair decision at the final review stage. Greater reliance on AR has long been predicted in the auditing literature as an inevitable future trend. Empirical findings on auditors attesting to the extensive use of AR in Hong Kong are simply visible manifestations of the profession’s adjustment to the global movement.

Keywords

Citation

Cho, S. and Lew, A.Y. (2000), "Analytical review applications among large audit firms in Hong Kong", Managerial Auditing Journal, Vol. 15 No. 8, pp. 431-438. https://doi.org/10.1108/02686900010354736

Publisher

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MCB UP Ltd

Copyright © 2000, MCB UP Limited

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