Paper Title :The Level of Using Analytical Procedures within Internal Audit Engagements in Profit- and Public-sector Entities

Author :Lajos Zager, Boris Tusek, Ana Jezovita

Article Citation :Lajos Zager ,Boris Tusek ,Ana Jezovita , (2018 ) " The Level of Using Analytical Procedures within Internal Audit Engagements in Profit- and Public-sector Entities " , International Journal of Management and Applied Science (IJMAS) , pp. 7-13, Volume-4,Issue-6

Abstract : 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.

Type : Research paper

Published : Volume-4,Issue-6

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