Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Using the Professional Engagement Guide (PEG) forms and exercises, this course allows the participants to deepen their knowledge of the requirements of CAS 315, Identifying and Assessing the Risks of Material Misstatement, specifically in relation to preliminary analytical procedures and CAS 520, Analytical Procedures, for performing substantive and final analytical procedures. Through review of the requirements for analytical procedures, the participants will benefit from practical advice in applying the requirements properly and exercising professional judgment. Finally, the participants, by completing the applicable PEG forms using the exercises, will gain a practical understanding of the documentation requirements.
Topics covered in this course include:
- Preliminary analytical procedures
- Purpose
- Application and use of professional judgment
- Documentation
- Substantive analytical procedures
- When should it be used
- Determination of what level of assurance is required
- Discussion of requirements, including setting of expectation, verification of inputs, tolerable misstatements and threshold (amount of unexplained difference between the recorded amount and expected value that is acceptable)
- Discussion of investigation procedures when the unexplained difference is exceeded
- Documentation of procedures and conclusions
- Final analytical procedures
- Purpose
- Application and use of professional judgment
- Documentation
NOTE: This course description has been revised and reflects updates for 2026. If you have any questions, please contact pdevents@cpaontario.ca.
Key Takeaways
By the end of this course, participants should be able to:
- Understand what the requirements are for all types of analytical procedures in an audit
- Understand best practices in the documentation of the procedures performed
- Identify specific issues related to the planning and implementation of all types of analytical procedures
- Identifying areas where professional judgment is necessary and documenting the conclusions resulting from the exercise of that judgment.
Who Will Benefit
- CPAs in public practice. Specifically, those who have limited experience and would like to learn how to conduct analytical procedures in an audit or those with experience who would like a refresher on best practices.
Prerequisite(s)
- None
How to Access the Course
This course is delivered as a live webinar. To receive verifiable CPD hours, you must attend the session live. We recommend joining at least 5 minutes before the scheduled start time. For the best interactive experience, please use a computer equipped with a camera and microphone.
A reminder email with the Zoom link and course details will be sent two business days before the session. If you do not receive it, please check your spam or junk folder.
The same information, including any available materials, will also be posted in advance on our Blackboard LMS.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Rosanna Lamanna, CPA, CA, has 20 years experience providing accounting, audit, tax and business advisory services. In addition to assisting Canadian and international companies, in a variety of sectors, with their financial reporting and tax compliance needs, she offers strategic advice and helps companies identify business process improvements.
Rosanna has extensive experience in working with privately held businesses, including family-owned businesses, and understands the various issues that confront owners and family members in today’s dynamic business environment. She also has considerable experience in working with entrepreneurs and early stage companies, as well as, those scaling for growth.
Rosanna has been featured in several business publications and has been interviewed for her perspective on industry issues by various media outlets.