How To Properly Perform: Analytical Procedures 2026
93826 2

Analytical procedures are a cornerstone of audit quality, required at multiple stages of the engagement and critical to identifying risks, developing expectations, and evaluating financial statement assertions. This course provides auditors with a clear, practical, and up‑to‑date understanding of how to perform analytical procedures in accordance with the latest ASB and AICPA standards.

Participants will explore best practices, common pitfalls, and recent pronouncements affecting analytical review techniques for private entity audits. Using real‑world examples, the program breaks down the four phases of analytical procedures and highlights methods for enhancing precision, improving documentation, and strengthening audit conclusions.

Publication Date: August 2026

Designed For
This course is designed for accounting and audit professionals responsible for performing or reviewing analytical procedures.

Topics Covered

  • Phases of analytical procedures: expectation formation, identification, investigation, and evaluation
  • Understanding account characteristics and assertion‑level risks
  • Reliability and sufficiency of data used in developing expectations
  • Precision considerations and expectation‑forming methods
  • Conducting comparisons and ratio/trend analyses
  • Relationship between analytical procedures and the audit risk model
  • Purpose and application of preliminary and final analytical reviews
  • Common challenges and best practices for documentation and investigation
  • Q&A and practical examples for enhancing audit effectiveness
 

Learning Objectives

  • Describe the purpose, scope, and required use of analytical procedures throughout the audit
  • Identify ASB and AICPA requirements governing analytical procedures for private‑entity audits
  • Recognize appropriate applications of preliminary, substantive, and final analytical procedures
  • Explain the four phases of analytical procedures and apply them effectively
  • Evaluate changes in account balances using trend, ratio, and expectation‑based analysis
  • Apply updated guidance and pronouncements to strengthen audit quality and documentation
 

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
Basic understanding of auditing standards

Advance Preparation
None

Instructor

Salvatore Collemi

Additional Course Details

  • Filed of Study: Auditing
  • Publisher: Wolters Kluwer
  • Course Level: Intermediate
  • Pre-Requisites: None
    • Basic understanding of auditing standards.
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