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Audit 305: Strengthening Substantive Analytic Procedures

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TBD

2.0 Credits

Member Price $89

Non-Member Price $89

Overview

Substantive Analytic Procedures - Strengthening Evidence to Satisfy Audit Objectives will provide the tips and best practice techniques for strengthening substantive analytic procedures in order to reduce over-reliance on tests of details. One of the ways to perform a more effective and efficient audit is to maximize the use of substantive analytic procedures in the detailed audit plan. Note: This course is recommended as a part of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has responsibilities for analytical procedures. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics covered in this course include:
  • How analytic procedures enhance audit quality
  • Elements of strong analytic procedures
  • Selecting the proper analytic, and altering the strength for the intended purpose
  • Disaggregating data to make more informed expectations
  • Evaluating the data used in generating expectations, including corroborating inquiry
  • Improving documentation, including evaluating sufficiency and appropriateness of the audit evidence obtained
  • Resolving significant differences resulting from analytic procedures and concluding on audit results

Prerequisites

Basic audit experience

Designed For

Accountants responsible for strengthening analytic procedures for a more effective and efficient audit

Objectives

After attending this presentation, you will be able to...

  • Determine how analytic procedures can enhance audit quality
  • Choose elements of strong analytic procedures that can eliminate or mitigate the need for extensive tests of details
  • Distinguish tips for improving documentation of the design, documentation and evaluation of substantive analytic procedures
  • Identify factors impacting the development of expectations and evaluation of results of substantive analytic procedures

Preparation

None

Non-Member Price $89

Member Price $89