Overview:
Auditors are required to perform audit work in the most efficient and effective way. The circumstances of a client may sometimes make substantive analytical procedures more efficient than substantive tests of detail. Planning analytical review procedures should not be confused with substantive analytical procedures. Learning how to harness the power of effective and focused analytical review procedures during planning and fieldwork can enhance efficiency and effectiveness.
This training will give participants a practical understanding of the different types of analytical review procedures, and how to apply it in practice.
Content and outline:
To explain the following concepts and discuss their practical application:
• Purpose of analytical procedures
• Types of analytical procedures
• How to perform planning analytical procedures
• How to perform substantive analytical procedures
• Practical examples
• Common errors
Certification:
Upon completion participants will receive a Bronze LEAF Certificate.
Elevating the standards of all auditors and those seeking to become auditors by upholding the principles of legislation, regulation, and quality audit management and performance.
Quest Curriculum
- 7 Levels
- Coaching By LEAF
- Community Support
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Level 01 Introduction
Mission(s) in this level: Introduction
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Level 02 Purpose of Analytical Procedures
Mission(s) in this level: The Purpose
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Level 03 Types of Analytical Procedures
Mission(s) in this level: Types of Procedures
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Level 04 How to Perform Analytical Procedures
Mission(s) in this level: How to Perform Analytical Procedures
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Level 05 Practical Examples
Mission(s) in this level: Practical Examples
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Level 06 Common Errors
Mission(s) in this level: Common Errors
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Level 07 Final Quiz
Complete all the missions and pass the final quiz with a minimum of 80% to receive a Bronze LEAF Certificate.