ANALYTICAL PROCEDURES OF CONFIRMING THE FINANCIAL STATEMENT ASSERTIONS
We have studied the analytical procedures in the context of interpretation financial statement assertions. To determine their relationship with the audit procedures we performed sequential decomposition of these concepts with separation of elements. Groups of assertions and their corresponding groups of audit procedures were characterized. This classification allowed us to include analytical procedures to the group of audit verification procedures of aggregation of financial statements. They ensure the collection of audit evidence to confirm the completeness and accuracy of financial statements. We took into account that the problems of audit methodology caused by financial statement assertions are interconnected with problems of studing the risks of material misstatement, audit procedures, audit evidence. It is established that the procedures for identifying and assessing risks of material misstatement due to fraud should be planned and carried out at the assertion level of the financial statements.