Description
This CPE course will teach new staff the key techniques and requirements with regard to analytical procedures in an audit.
Designed For
- Recently onboarded staff
- First-year staff
- Firms that want consistent training and level setting
Objectives
- Identify the situations in which analytical procedures are required by auditing standards.
- Recognize how the contribution of substantive analytical procedures is assessed and how to enhance their effectiveness.
- Recognize common quality issues in analytical procedures.
- Identify the considerations of analytical procedures over revenue accounts.
Highlights
- When analytics are applied in an audit
- Review of the audit risk model
- Considerations when using analytics, including expectations, source information, and risk
- Explanations of analytical findings
- Increasing the value of analytics
- Quantitative techniques
- Final analytical procedures
- Common quality issues