Analytical procedures universally applied in every audit are introduced to first-year audit staff. Fundamentals of Analytical procedures As a new audit staff member, you may find yourself involved in the computational aspects of analytics. You can learn the basics of analytical procedures by exploring topics, such as: - Relevant professional standards - Situations in which analytical procedures are required - Common quality issues Realistic examples and exercises Examples and exercises featuring realistic scenarios will better prepare you to apply what you learned. Who Will Benefit - Recently onboarded staff - First-year staff - Firms that want consistent training and level setting Key Topics - Relevant professional standards, including SAS 145 - Applying analytics to your audit - Considerations when using analytical procedures as substantive tests - Quantitative techniques - Common quality issues Learning Outcomes - 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.