1. Presentation

    2. Recording

About this course

  • $136.00
  • 1.5 CPD hours
  • November 9, 2023

Course description

Canadian Auditing Standards require analytical procedures to be performed at various stages of the audit. CSRS 4200 also requires analytical procedures.

Substantive analytical procedures are a powerful tool for obtaining sufficient appropriate evidence. CAS 520 sets out the requirements for performing substantive analytics in a 5-step approach and this standard can assist all practitioners whether performing an audit engagement or a review engagement.

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.

Learning objectives

By the end of the session, participants will be able to:

  • Appreciate requirements related to performing 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
  • Identify and overcome barriers in performing analytical procedures
  • Document procedures performed and conclusions reached

    • Instructor(s)

    Kirsten Albo

    FCPA, FCA, ICD.D, President of ASK KSA Consulting Inc.

    Kirsten has over 30 years of experience in public practice and uses her knowledge and expertise to provide practical solutions to help firms meet the requirements of being in public practice.

    Kirsten gained her experience in public practice as an assurance partner at PricewaterhouseCoopers LLP. She was the partner on many public and private companies operating in a variety of industries. Her clients included Air Canada, Northwest Company and Winpak. Kirsten has a strong technical background and the ability to deal with complex matters. It is this experience she now brings to her clients.

    She has in-depth technical knowledge as she has faced extensive assurance and accounting issues. There are very few issues she has not encountered. And, having been subject to many internal and external file inspections she knows the challenges SMPs can encounter and appreciates where they can save time without sacrificing quality. When resolving issues, Kirsten is known for her practical approach and ability to provide useful advice. She is a good sounding board and helps practitioners address risk and make practical business decisions.