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.
Prerequisites
Basic working knowledge of audit and review engagements and working with Microsoft Excel
Objectives
- Understand the nature of analytical procedures
- Design and implement analytical procedures for professional engagements
- Understand the AICPA’s guidance for utilizing analytical procedures in audit and review engagements
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
