Courses

Surgent's Performing Effective and Efficient Analytical Procedures - On-Demand Webcast

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Member Price: $89.00 Non-Member Price: $119.00

Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Auditing: 2.00
Fields of Study:: Auditing
Level:: Basic

Analytical review procedures are performed in the preliminary and final stages of the audit. Auditors may also choose to perform analytical procedures as substantive tests. It is important to properly design and perform the procedures to ensure an effective and efficient audit engagement. This module will provide detailed guidance and methods for performing these techniques. (Please Note: This module is part of Surgent's Audit Skills Training: Level 2.)

Objective

Performing effective preliminary analytical procedures in the risk assessment process
Performing a final overall analysis to assess the conclusions reached during the audit and evaluate the overall financial statement presentation.
Planning and performing effective and efficient substantive analytical procedures
Concluding on analytical procedures

Highlights

Preliminary analytical procedures as risk assessment procedures
Performing final analytical procedures to assess the conclusions reached during the audit and evaluate the overall financial statement presentation.
When to use substantive analytical procedures for efficiency and effectiveness
Establishing expectations for substantive analytic procedures
Setting a threshold for differences
Following up on differences from expectations
Concluding on substantive analytical procedures

Designed For

Accountants responsible for performing basic analytic procedures on audit engagements

Prerequisite

None

Advanced Preparation

None