About this Course
Analytical procedures are one of the component audit procedures identified in the audit risk model and universally applied in every audit. New staff can often bring important insights and issues to light because they are near the detailed data where insights can arise. Recent quality initiatives have looked closer at analytical procedures, and auditing standards have set new requirements and guidelines to fill gaps observed when analytics have failed to identify issues.This module will introduce you to these analytical procedures.
- Identify the situations in which analytical procedures are required by auditing standards
- Recognize how the contribution of substantive analytical procedures is assessed and how to enhance their effectiveness
- Recognize common quality issues and how to address them
