What Is Account Analysis?

Account analysis is an analysis of all the information that can be used as audit evidence in the audit process. But generally refers to the analysis of accounts. Account analysis in a general sense is a method of analyzing the contents of accounting records in an account and examining whether the book records are consistent with facts and correct. This method is used to check whether the account records and account balances are correct or appropriate, distinguish abnormal items, and find errors in the application of accounting principles. ^[1]