Objective
- Link preliminary analytic review results to assessed risk of material misstatement
- Perform final overall analysis of audit results
- Understand audit standard requirements, including minimum documentation
- Design typical analytical procedures
- Identify quality control deficiencies in substantive analytic procedures
Highlights
- Establishing expectations for analytic procedures
- Identifying risk of material misstatement through preliminary analytic review procedures
- Ensuring sufficient appropriate audit evidence is gathered through final overall analytic review
- Properly designing, documenting and evaluating the results of substantive analytic review procedures
- Disaggregating substantive analytics for stronger results
- Factors impacting the design of substantive analytic procedures
- Common pitfalls in performing substantive analytic procedures
Designed For
Accountants responsible for performing basic analytic procedures on audit engagementsPrerequisite
NoneAdvanced Preparation
None