Analytical Procedures Workshop | 4193975C

Date :
December 3, 2019 8:00 AM - 12:00 PM
Location :
Webcast
Facility :
Webcast Event
Level of Difficulty :
Basic
Member Price :
147.50
Nonmember Price :
200.00
CPE Credits :
CPE 4.00, AA 4.00
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Analytical procedures (APs) are utilized for different purposes and can be the most cost efficient of accounting procedures. Interestingly, they are the least utilized and efficiencies are lost. Understanding the types, uses and purposes is misunderstood by many accountants as evidenced by continual peer review deficiencies. This course is a must for anyone needing to understand the use and application and benefits of analytical procedures. This course will provide participants with hands-on techniques on how to perform analytical procedures as required by the standards in an engagement.

Objectives:

Participants will develop the skills and knowledge to utilize analytical procedures. Case studies on how to develop expectations, perform, and document the process will be presented.

Major Subjects:

• Types of analytical procedures and which work best for specific purposes: – Period to period comparisons, – Scanning, – Analysis of relationships among accounts, – Comparison to industry standards, – Comparison of financial to non-financial data, – Comparison to anticipated results, – Ratios, • Developing expectations, • Factors to be considered in using APs as a substantive test, • Disaggregated and nonfinancial analytical procedures, • Evaluation of differences, • Documentation issues

Advanced Prep:

None

Misc. Information:

None
Level of Difficulty:
Basic
Field of Interest:
Auditing
Prerequisites:
None
Designed For:
Accountants in public practice, whether needing a refresher or a deep dive into the use of APs, will benefit from this workshop.

Instructors

No Instructors listed.

Materials:

  • Materials - eBook