Evaluating the usefulness of quantitative methods as analytical auditing procedures
Evaluating the usefulness of quantitative methods as analytical auditing procedures

Summary/Abstract: The paper presents the comparative study of several quantitative methods from the point of view of their usefulness as analytical procedures. In particular the article deals with analytical procedure expectation models which can be used as reference in analytical review. As professional auditing standards and academic research suggest, these methods may be used both in internal and external auditing. In the paper there were subjective evaluation, rule of thumb and various simple and advanced quantitative methods depicted, such as time trend analysis, ratio analysis, vector autoregression, regression analysis and data envelopment analysis. Moreover there were described advantages and limitations of each method showing its potential usefulness and conditions of work. Some results of different empirical research and analysis are widely quoted in the article.

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