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Reed, R and Pence, D (2005)

Detecting Fraud in Financial Statements: The Use of Digital Analysis as an Analytical Review Procedure

Journal of Forensic Accounting 6, 135-146.

ISSN/ISBN: Not available at this time. DOI: Not available at this time.



Abstract: The advent of SAS No. 82 and SAS No. 99 has strongly encouraged auditors to plan their audits with fraud in mind. Accounting literature has suggested that digital analysis could be used as an analytical review procedure to assist in the planning stage of an audit as per SAS No. 56. However, previous literature has used digital analysis at the disaggregated account level and has failed to identify sources for fraudulent financial data. This study advances the concept of using aggregated financial data from a fraudulent company to determine the effectiveness of using digital analysis


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Reference Type: Journal Article

Subject Area(s): Accounting