Properly designing, documenting and evaluating results of analytic review procedures is critical for performing an effective and efficient audit engagement. This financial audit CPE course will provide the tips and techniques necessary to gather sufficient appropriate audit evidence to support conclusions using analytic procedures common to financial statement audits.
Learning Objectives
Upon completion of this course, participants will be able to:
Link preliminary analytic review results to assessed risk of material misstatement
Perform final overall analysis of audit results
Recall audit standard requirements, including minimum documentation for substantive analytic procedures
Design typical substantive analytical procedures
Identify quality control deficiencies in substantive analytic procedures
Major Topics
Identifying risk of material misstatement through preliminary analytic review procedures
Ensuring sufficient appropriate audit evidence is gathered through final overall analytic review
Establishing expectations for analytic procedures
Properly designing, documenting and evaluating the results of substantive analytic review procedures
Disaggregating substantive analytics for stronger results
Factors impacting the design of substantive analytic procedures
Common pitfalls in performing substantive analytic procedures
