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.

Members $219 | Non-members $255

3 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
  • those looking to go back to public practice and refresh their general audit knowledge

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

Module 5: An Introduction to Audit Data Analytics


Exhibit A: Financial Statements
Exhibit B: Commonly Used Ratios
Exhibit C: Selected Ratios Calculated for Bios Co.
Exhibit D: Common-Size and Percentage Change Financial Statements for Bios Co.
Exhibit E: Financial Performance Information From Statistics Canada
Exhibit F: CPA Canada Professional Engagement Guide Checklists (Selected)
Exhibit G: Quantitative Methods in Analytical Procedures
Exhibit H: Data for Quizzes



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