Analytical Procedures and Critical Thinking Skills – Video Course

Analytical Procedures and Critical Thinking Skills – Video Course is a fast-paced 2-hour course that walks auditors through the analytical procedures and critical thinking skills that are required for audit engagements under AICPA auditing standards for financial audits and for reviews performed under AICPA standards.  But analytical procedures are useful on any type of audit engagement.

A closely related topic also covered in this fun video is critical thinking skills, which is an area targeted in the AICPA’s Enhancing Audit Quality Initiative.

In this in-depth course, Jeff Sailor will bring his truly unique presentation style to cover the most important aspects of performing analytical procedures as well as provide insight on critical thinking skills and how to improve your personal skills. Jeff Sailor’s signature video parodies are designed to keep you awake and reinforce the material.

Course objectives for Analytical Procedures and Critical Thinking Skills include:

• Understand the requirements for analytical procedures
• Identify the standards governing analytical procedures
• Identify the purpose and nature of performing analytical procedures
• Apply the proper response to analytical procedures fluctuations
• Apply proper documentation for substantive analytical procedures
• Understand what makes substantive analytical procedures effective
• Identify the purpose of analytical procedures
• Identify the four steps for analytical procedures
• Identify Occam’s Razer
• Cite documentation requirements
• Identify the advantages of critical thinking
• Understand the nature of patterns and relationships

Program level: Basic

Instructional method: Video with online qualified assessment. QAS SS

NASBA Category of Study: Auditing

Advance preparation: None

Who should attend: Auditors

Recommended CPE credit: 2 hours