Analytical Procedures - Theory and Practice - 2022
The objective of this course is to emphasize to practitioners the importance and practical use of analytical procedures in the performance of audit and review engagements.
The design and documentation of required analytical procedures in professional engagements is a frequent concern noted by practice inspectors.
The presentation begins by outlining the professional engagement requirements regarding analytical procedures for both audits and reviews.
The course then discusses a method of organizing these procedures to meet the professional requirements and describes a number of possible procedures.
Finally, the presentation concludes with two case studies intended to highlight practical techniques available for use by practitioners, not only to meet those professional requirements, but also to generate valuable information for use by both the accountant and client.
The topics to be addressed during this presentation include:
- Practice inspection concerns regarding analytical procedures
- Analysis requirements under the Canadian Auditing Standards (CAS)
- Analysis requirements for review engagements
- Practical examples of analytical techniques
Case studies relating to:
- Analysis during the audit planning phase
- Analysis at the completion stage of a review engagement
At the completion of the course, participants will have a framework in which to organize their analytical procedures to meet professional requirements and generate useful information.
To fully benefit from this segment of the course, participants should have access to a calculator during the session.
David Baker CPA, CA
David Baker earned his CA designation in 1981, earning an award as a top UFE writer in the Waterloo Region. In 1983 he began his own public accounting practice in Elmira, Ontario serving local small and medium-sized owner-managed businesses