CAS 520: Analytical Procedures
Requires analytical procedures at the risk assessment and final review stages, and addresses substantive analytical procedures.
Why CAS 520 matters
Strong analytical procedures at planning expose surprises early. Auditus.ai runs them automatically on upload.
Framework: Canadian Auditing Standards (CAS)
CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Primary source: FRAS Canada
Frequently asked
What is CAS 520?
Requires analytical procedures at the risk assessment and final review stages, and addresses substantive analytical procedures.
Why does CAS 520 matter for an audit?
Strong analytical procedures at planning expose surprises early. Auditus.ai runs them automatically on upload.
Which framework does CAS 520 belong to?
CAS 520 falls under Canadian Auditing Standards (CAS). CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Related standards — Canadian Auditing Standards (CAS)
- CAS 200 — Overall Objectives of the Independent Auditor
- CAS 210 — Agreeing the Terms of Audit Engagements
- CAS 220 — Quality Management for an Audit of Financial Statements
- CAS 230 — Audit Documentation
- CAS 240 — The Auditor's Responsibilities Relating to Fraud
- CAS 250 — Consideration of Laws and Regulations
See how Auditus checks CAS 520
Auditus.ai runs PCAOB, ISA, and CAS engagements end-to-end and cites the exact standard behind every finding — including CAS 520.