Author(s): Wadesango Newman, Jonathan January, Malatji Stephen
The paramount objective of the study was to investigate the application of analytical procedures in the internal audit process. The changes in the application of analytical procedures being attributed mainly to developments in technology, adoption of risk auditing methodologies and the incorporation of non- financial information in the Auditing process. Several studies have been conducted in various countries on the application of analytical procedures, however little is known exactly on how internal auditors in the Zimbabwean context specifically the Agri-business sector apply these analytical procedures in the internal audit processes. The finding of this study indicated that Internal auditors need to apply analytical procedures in the internal audit process because this adds value to an audit improving audit quality and effectiveness, it also emerged through the findings that the application of these procedures relies on the internal auditor’ competence, availability of integrity and reliable data.