AREV
ANALYTICAL REVIEW: A HANDS-ON APPROACH
CPAs who provide review or audit services for their audit clients are required to use analytical procedures. This course provides a practical, case study based approach to using ARPs. It contrasts the different methods available and their relative strengths and weaknesses.
MAJOR TOPICS:
- What are analytical procedures?
- Overview of the three approaches to ARPs
- Case study comparing alternate ARPs
- Seven tools of ARPs
- Scanning
- Percentage analysis
- Trend analysis
- Industry analysis
- Ratio review
- Tests of reasonableness
- Trend projection
- Regression
DESIGNED FOR: Accountants in public practice who use ARPs when conducting audits or reviews. The CPA who uses ARPs most effectively regards them as a “tool kit” in which different tools are more appropriate in different circumstances. This course suggests which tools are appropriate in which circumstances.
Level of Knowledge: Intermediate
Field of Study: Auditing
Price: $39
Credit Hours: 2
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