When it comes to performing a financial statement audit, designing the appropriate audit response can be a challenge! Analytical procedures are a type of audit response that can aid an auditor in obtaining the appropriate audit evidence needed to support the auditor’s report. In this CPE-eligible (1.0 CPE), eLearning course, you will learn about the various types of analytical procedures in an audit, and when it is appropriate to use these procedures. We’ll then analyze the requirements of designing and performing substantive analytical procedures, which is a type of analytic performed to obtain support over relevant assertions for accounts and disclosures. If you are an auditor who audits financial statements in accordance with PCAOB, AICPA, or IAASB auditing standards, this course is an essential component of learning how to effectively design analytical procedures and improve overall efficiency of the audit. This course covers the following U.S. auditing standards: AU-C Section 520 and AS 2305.