Surgent's Performing Effective and Efficient Analytical Procedures

Overview

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.)

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

Prerequisites

None

Designed For

Accountants responsible for performing basic analytic procedures on audit engagements

Objectives

• 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

Preparation

None

Notice

This on-demand webcast can be taken at any time of your choosing and is valid for one year from the date of purchase. No live instructor is present, and an exam is required to earn credit. You must score 70% or higher to earn the certificate.

How do I access my Self-Study Package?

Visit https://www.surgentcpe.com/login and enter your username (your LCPA email address) and password. If you do not remember your password, press the "Forgot?" button to receive a password reset email. Once logged in, the page will refresh to display your account menu on the left side.