NAA2419. Analytics Practice Aid for Reviews

The objective of a review is to obtain limited assurance primarily by performing analytical procedures and inquiries, as a basis for reporting whether the accountant is aware of any material modifications that should be made to the financial statements in order for the statements to be in conformity with the applicable financial reporting framework. This session will discuss the AICPA's Analytics Practice Aid for Reviews to clarify best practices related to analytical procedures and obtaining review evidence.

Learning Objectives:

• Apply a model for determining the level of evidence needed for a review.
• Identify analytical procedures to provide the necessary level of review evidence.
• Identify evidence and perform additional procedures.