Guide to Analytical Procedures
Analytical procedures can be a powerful tool for the examination of a client’s financial statements. They can highlight possible material misstatements, and even replace substantive tests that would require much more time to complete. In the Guide to Analytical Procedures course, we discuss how to design analytical procedures and when to use them, while also providing examples of how trend analysis, ratio analysis, reasonableness testing, and regression analysis can be used.
Format
PDF Course
Level
Overview
Duration
1 Hour
Course Information
Author: Steven Bragg
Course Number: AU1019
Learning Objectives
- Recognize how analytical procedures can be used in each stage of an audit.
- Identify situations that can impact the predictability of relationships between data.
- Specify the issues that can impact the precision of an analytical procedure.
- Recognize the levels of precision associated with the different types of analytical procedures.
- Identify the causes of an unexpected variance from the expected value.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Auditing
Prerequisites: None
Advance Preparation: None
Latest Review Date: April 2025
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.
