This CPE course will teach new staff the key techniques and requirements with regard to analytical procedures in an audit.
Learning 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.
Major Topics
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
