Analytical Procedures: Methods and Evaluation ON DEMAND

Overview

Analytical procedures evaluate financial information through the examination of plausible relationships among both financial and non-financial data. They also encompass such investigation, when necessary, of the identified fluctuations or relationships that are inconsistent with other relevant information or that differ from expected values by a significant amount.

Highlights

Review of the appropriate audit and review standards. Identifying appropriate analytical procedures in the circumstances. Developing expectations. Designing and performing analytical procedures. Investigating results of the procedures performed Introduction to data analytics.

Prerequisites

None.

Designed For

CPAs and accountants.

Objectives

Recognize financial statement areas where analytical procedures can be used effectively. Determine the appropriate procedures to perform and which financial ratios and benchmarks to evaluate in consideration of the company’s industry statistics and the economic environment. Identify the circumstances when additional investigation of the results of the procedures is required.

Preparation

None.

Notice

None.