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.