Analytical procedures: A guide for practitioners

Learn more about analytical procedures for the planning, examination and final review phases of the audit process.

Event Details

Location and date:
On-Demand Event

Analytical Procedures — A Guide for Practitioners discusses analytical procedures for each of the three phases of the audit:

  • planning
  • examination
  • final review

This discussion takes place within the context of:

  • Canadian Auditing Standards (CAS) 500 — the use of analytical procedures throughout the audit
  • CAS 315 — analytical procedures for risk assessment and obtaining an understanding of the entity and its environment
  • CAS 520 — analytical procedures auditors may employ in obtaining sufficient and appropriate audit evidence

View Table of Contents

Additional options and pricing may be available. See pricing and registration for more details.


5 CPD hour(s)
Pricing & registration

You will learn about:

  • understanding the use of analytical procedures
  • how to use client financial information in the audit process
  • addressing the more volatile results of smaller firms — in particular, how the techniques used in analytical procedures must be tailored to the environments in which they are used
  • where professional judgment is needed in the application of these techniques

Who should attend?

  • external auditors

More Details:

Session Descriptions

Module 1: Analytical procedures as planning tools
• Introduction to analytical procedures
• Techniques
• Statement of cash flows
• Conclusion

Module 2: The examination phase - Part l
• The balance sheet
• Conclusion

Module 3: The examination phase - Part ll
• The income statement
• Conclusion

Module 4: The final review
• ROA, ROE, and reasonableness tests
• Concluding remarks on analytical procedures

Quiz 1

Quiz 2

• Appendix A — Financial statements for Xenon Co.
• Appendix B — Commonly used ratios
• Appendix C — Selected ratios calculated for Xenon Co.
• Appendix D — Common-size and percentage change financial statements for Xenon Co.
• Appendix E — Comparison tables from Statistics Canada
• Appendix F — CGA Canada Public Practice Manual sample pages
• Appendix G — Quantitative methods in analytical procedures
• Appendix H — Data for quizzes



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