Identify preliminary analytical procedures

Content in this topic requires Caseware Audit.

Use the 501 Preliminary analytical procedures document to identify relationships (for possible use in substantive analytical procedures), risks, inconsistencies as well unusual transactions, events, amounts and ratios or trends that will likely require an audit response.

The analysis charts in this document are linked to data throughout the engagement to help you visually compare data and discover trends and patterns using predefined data analytics. Use the drop-down menu to select Planning, Preliminary or Final results. Use the filter switches to display the desired analyses figures. For example, the below image displays Overall and Relationships.

Charts for Overall and Relationships analyses in the Preliminary analytical procedures document.

The figures are interactive. Hover your cursor over a specific item in the figure to view more information.

The cursor hovering over a chart item to display more information in the Preliminary analytical procedures document.

Select an item below the graph to view more details. For example, if Total equity is selected in the above graph, the following displays:

Total Equity selected to show a detailed breakdown in the Preliminary analytical procedures document.

Materiality displays as the dashed line in the graph. It’s also included at the top of the page.

The menu bar at the top of an engagament with a section summarizing the materiality.

Select Edit documentation comments to add remarks to a figure. Use the buttons at the top of a widget () to Edit, Expand, Reset to default or Hide the figure.