Dates and location
Hours
Dates and location
Hours
Description
Canadian Auditing Standards (CAS 315 and CAS 520) require analytical procedures at all stages of the audit. Preliminary analytics are performed at the risk assessment phase to identify balances that require an audit response. Substantive analytical procedures are a powerful tool in obtaining sufficient appropriate audit evidence. Final analytics are performed during the completion phase of engagement to ensure all risks have been addressed.
CAS 520 sets out the requirements in performing substantive analytics in a 5-step approach. Using case studies and practical examples, this course will address how to perform and document each step including understanding the various types of analytical procedures, determining their suitability, developing expectations and investigating differences. The course will also illustrate preliminary and final analytics along with guidance and ideas on how to perform and document in an efficient and effective manner saving time on engagements.
Unlock learning anytime, anywhere with the Blackboard Learn app
Seamlessly access your on demand courses, assignments, and get PD hours on the go. Learn how to download now and elevate your education experience with the convenience of mobile learning.
Key Takeaways
By the end of this course, participants will be able to:
- Appreciate CAS requirements related to analytical procedures.
- Implement an efficient approach for performing preliminary and final analytics.
- Explain the difference between substantive analytical procedures and variance analysis.
- Identify and understand how to apply different types of analytical procedures.
- Know how to implement the 5-step approach.
- Develop a process for setting expectations.
- Document procedures performed and conclusions reached.
- Identify and overcome barriers in performing analytical procedures.
Who Will Benefit
This course is intended for practitioners at all levels.
Disclaimer
The views expressed in the course are non-authoritative and have not been formally endorsed by CPA Ontario and do not reflect the views of CPA Ontario. The information included in the course is for general information purposes only. CPA Ontario, the presenters and the authors do not accept any responsibility or liability that might occur directly or indirectly as a consequence of the use or application of or reliance on this material.
How to Access the Course
This is an online session. This course is available 24 hours a day, 7 days a week. Once registered, you can access the material at any time.
However, you will only have access to the course for 90 days after REGISTRATION.
New mobile learning! Download Blackboard Learn from your app store (iOS or Android). Learn more.
To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Kirsten S. Albo, FCPA, FCA, ICD.D is the Founder of ASK KSA Consulting Inc. providing consulting and advisory services to small and mid-sized firms to help them conduct effective and efficient engagements and meet the requirements of being in public practice. Areas of practice include cyclical file inspections, external monitoring activities, file efficiency reviews and engagement quality reviews. Delivering professional development courses is a key component of her business as she develops and delivers specialized in-house training courses for the multitude of firms with whom she works.