The major problem, which auditors face in performing OAR is lack of time
This is because at the end of audit project everybody expects deliverables from you, there are lots of work need to be done
So it is necessary to organise audit process in a way that it would save time in future
Accounting OAR abbreviation meaning defined here
What does OAR stand for in Accounting? Top OAR abbreviation related to Accounting: Overhead Absorption Rate
The task of performing analytical procedures in respect of financial statements usually called overall analytical review (OAR)
It enables to examine client’s financials in terms of common sense and ensure that test of details were relevant
In addition, for audit senior or manager it is great opportunity to show broadness of mind and deepness
