Description
Analytical procedures evaluate financial information through the examination of plausible relationships among both financial and non-financial data. They also encompass such investigation, when necessary, of the identified fluctuations or relationships that are inconsistent with other relevant information or that differ from expected values by a significant amount.
Presenters - Eugene J. Ristaino
Designed For
Designed For: Accountants and CPAs that perform audit and review engagements.
Role Level - Manager/Senior Manager; Director; Executive/VP; C-Suite; Sole Practitioner
Objectives
- Recognize financial statement areas where analytical procedures can be used effectively
- Determine the appropriate procedures to perform and which financial ratios and benchmarks to evaluate in consideration of the company's industry statistics and the economic environment
- Identify the circumstances when additional investigation of the results of the procedures is required
Highlights
- Review of the appropriate audit and review standards
- Identifying appropriate analytical procedures in the circumstances
- Developing expectations
- Designing and performing analytical procedures
- Investigating results of the procedures performed
- Introduction to data analytics
Advanced Prep
None
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Leaders
CALCPE Panel
No Biography Available