Analytical Procedures
Free CPA AUD (Auditing & Attestation) lesson in Performing Further Procedures and Obtaining Evidence. 14 min read, ~2,085 words.
AU-C 520 governs analytical procedures. Three uses: risk assessment (required, planning), substantive (optional), final overall review (required, near end). A substantive analytical procedure (SAP) has five steps: develop expectation, set significant difference threshold, compute and compare, investigate differences, document. Expectation precision drives reliability, disaggregated, independent, predictable data catch real misstatements...
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What this lesson covers
- Content
- Example 1
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- III.D2
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