Introduction to Analytical Procedures in an Audit

  • Thursday, August 15, 2019 – Thursday, April 30, 2020

  • 1.5

Analytical procedures are one of the component audit procedures identified in the audit risk model and universally applied in every audit. The entire engagement team is involved in the design, performance, and evaluation of analytical procedures. In conjunction with internal controls and tests of detail, the procedures can be an effective trap for fraud and error and can provide audit evidence. Although the entire engagement team may be involved, new staff are often involved in the computational aspects of analytics.

New staff often bring important insights and issues to light because they are near the detailed data where insights can arise. Recent quality initiatives have looked more closely at analytical procedures, and auditing standards have set new requirements and guidelines to fill gaps observed when analytics have failed to identify issues. This CPE course will teach new staff the key techniques and requirements with regard to analytical procedures in an audit.


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 the effectiveness of those procedures.
Recognize common quality issues and how to address them.


When analytics are applied in an audit
Review of the audit risk model
Considerations when using analytics, including expectations, source information, and risk
Explanations of analytical findings
Increasing the value of analytics
Quantitative techniques
Final analytical procedures
Common quality issues

Additional Information

Designed For

Recently onboarded staff
First-year staff
Firms that want consistent training and level setting


American Institute of CPAs


1.50 Auditing

Course Number


Level of Knowledge


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