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3.0 Credits

Financial statement auditors need to be able to analyze financial results to not only enhance audit quality, but to also improve client service through being a better business advisor. Reading and interpreting financial information is a critical skill that this module will enhance.


  • Explain common deficiencies in analytic procedures
  • Describe how to improve the strength of analytic procedures
  • Example how to leverage substantive analytic procedures as audit evidence
  • Discuss communicating financial results to the client

Major Topics

  • Financial statement analysis, and communicating insights to financial statement users
  • Improving audit quality through strong analytic procedures, including identifying and responding to risk of material misstatement
  • Developing expectations
  • Detecting earnings management and other risks through analytic procedures
  • Documenting results and conclusions

Designed For

Accountants responsible for using analytic procedures to provide greater insight into the financial results for both audit and client service purposes


Experience on basic audit engagements