- NY Credits : 2.0
- TX Credits : 2.0
AU-C 520, Analytical Procedures, addresses auditor responsibilities related to the use of analytical procedures as substantive procedures in audit engagements. The guidance also addresses designing and performing analytical procedures near the end of the audit that assist the auditor when forming an overall conclusion about whether the financial statements are consistent with the auditor's understanding of the entity. Note: Reporting of CPE credit to a CPA's state board is the responsibility of the CPA. Subscribers to CPE Network report may not receive duplicate credit for this material, if the user has already received credit when completing CPE Network. Please reach out to Checkpoint Learning customer support if you have any additional questions.
Upon successful completion of Analytical Procedures, the user should be able to:
identify the primary sources of gathering and obtaining evidence in a review engagement;
identify in which stages of an audit analytical procedures are required;
identify key items in analytical procedures that are frequently cited in peer review comments;
define the general categories of analytical procedures; and
list the key steps in performing analytical procedures.