Analytical Procedures: Practical Applications and Standards

Overview

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.

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.

Preparation

None