Analytical Procedures: Practical Applications and Standards

Overview

Description:
This session explores the nature of analytical procedures, with significant emphasis placed upon professional standards involving the use of analytical procedures in audit and review engagements. Practical examples to illustrate the application process will also be given.

Learning Objectives:

After attending the presentation you will be able to...

Distinguish the nature of analytical procedures.
Design and implement analytical procedures for professional engagements.
Apply the AICPA's guidance for utilizing analytical procedures in audit and review engagements.

Program Content:

The major topics that will be covered in this class include:

Discussion of analytical procedures in audit and review engagements.
Practical examples and illustrations of analytical procedures.
The order of operations for accomplishing analytical procedures.

Who should attend: CPAs in public practice or members in industry seeking a better understanding of analytical procedures.

Developed By: Chris Harper, CPA

Instructor: Chris Harper, CPA

CPE Credit: 2.0

Field of Study: Auditing (2 CPE)

Prerequisites: Basic working knowledge of audit and review engagements and working with Microsoft Excel.

Advanced Preparation: None

Format: QAS Self Study

Highlights

Discussion of analytical procedures in audit and review engagements.
Practical examples and illustrations of analytical procedures.
The order of operations for accomplishing analytical procedures.

Prerequisites

Basic working knowledge of audit and review engagements and working with Microsoft Excel.

Designed For

CPAs in public practice or members in industry seeking a better understanding of analytical procedures.

Objectives

Distinguish the nature of analytical procedures.
Design and implement analytical procedures for professional engagements.
Apply the AICPA's guidance for utilizing analytical procedures in audit and review engagements.