Analytical Procedures: Methods and Evaluation 2024

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

Accountants and CPAs that perform audit and review engagements.

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

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by the California Education Foundation (CalCPA). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.