Analytical review procedures

Overview:

Auditors are required to perform audit work in the most efficient and effective way. The circumstances of a client may sometimes make substantive analytical procedures more efficient than substantive tests of detail. Planning analytical review procedures should not be confused with substantive analytical procedures. Learning how to harness the power of effective and focused analytical review procedures during planning and fieldwork can enhance efficiency and effectiveness.

This training will give participants a practical understanding of the different types of analytical review procedures, and how to apply it in practice.

Content and outline:

To explain the following concepts and discuss their practical application:

• Purpose of analytical procedures
• Types of analytical procedures
• How to perform planning analytical procedures
• How to perform substantive analytical procedures
• Practical examples
• Common errors

Certification:

Upon completion of an assessment at the end of the course, the participants will receive a certificate of attendance.