The Level of Using Analytical Procedures within Internal Audit Engagements in Profit- and Public-sector Entities
The purpose of this paper is to investigate to which extent analytical procedures are used in assurance engagements
of the internal audit process in profit- and public-sector entities in Croatia. The results are based on the answers of 155 internal
auditors from Croatia gather through the survey during the last quartile of the 2017. The sample that is included in the research
include chief audit executives (CAEs) and internal auditors from profit companies, financial sector, public companies, budget
users at state, regional and local level. Categorical variables are tested using the Chi-square test. The obtained results show
that only in performing phase of assurance engagements association is statistically significant. The research hypothesis that
there is no statistically significant difference in the extent of using analytical procedures in internal audit assurance
engagement between profit-sector and public-sector entities in Croatia can be only partly accepted with great caution, because
the found difference in one of four observed phases.
Index Terms - Analytical Procedures, Assurance Engagements, Internal Audit, Profit-Sector Entities, Public-Sector Entities.