Analytical Procedures (Second Edition)

Author: Perry Henderson

This three CPE hour course covers analytical procedures. Analytical procedures involve the study, comparison, and evaluation of relationships among financial and nonfinancial data at a point in time and the trend in those relationships over a period of time. These procedures are important to auditors because they are an efficient tool for assessing audit risk, gathering audit evidence, evaluating audit results and measuring and evaluating performance.

Publication Date: January 2015

Topics Covered

• Analytical procedures commonly used in auditing
• Analytical procedure process
• Practical application: personnel costs
• Practical application: facilities costs
• Final analytical procedures
• Documentation requirements

Learning Objectives

• Describe the nature of the various analytical procedures commonly used in auditing.
• List the steps used in applying analytical procedures
• Explain the analytical procedures that may be useful in a variety of practical auditing situations

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Auditing (3 hours)

Program Prerequisites
Basic familiarity with US generally accepted auditing standards

Advance Preparation
None