Guide to Analytical Procedures

1 Credits: Auditing


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Guide to Analytical Procedures

Course Level
CPE Credits

1 Credits: Auditing

Course Description

Analytical procedures can be a powerful tool for the examination of a client’s financial statements. They can highlight possible material misstatements, and even replace substantive tests that would require much more time to complete. In the Guide to Analytical Procedures course, we discuss how to design analytical procedures and when to use them, while also providing examples of how trend analysis, ratio analysis, reasonableness testing, and regression analysis can be used.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recognize how analytical procedures can be used in each stage of an audit.
  • Identify situations that can impact the predictability of relationships between data.
  • Specify the issues that can impact the precision of an analytical procedure.
  • Recognize the levels of precision associated with the different types of analytical procedures.
  • Identify the causes of an unexpected variance from the expected value.
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Course Specifics

Course ID
Revision Date
February 27, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220
IRS Federal Tax Law Credits:

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …