Analytical Procedures: Practical Applications and Standards

This session explores the nature of analytical procedures, with significant emphasis placed upon professional standards involving the use of analytical procedures in audit and review engagements. Practical examples to illustrate the application process will also be given.

Learning Objectives

Understand major changes to the standard audit report
Appreciate the way that public company audit reports have impacted reports for private entities
Be able to distinguish required and optional provisions

Major Topics

Examples of current public company audit reports
Implications of SAS No. 134
Exploration of illustrative audit report examples
Potential communication of Key Audit Matters (KAMs)

CPE Credits Available

2 CPE

2: Accounting & Auditing

Things to Know About This Course

Course Level

Intermediate

Prerequisites

Basic working knowledge of audit and review engagements and working with Microsoft Excel

Advanced Preparation

None

Intended Audience

CPAs in public practice or members in industry seeking a better understanding of analytical procedures

Provider

ACPEN