Financial statement auditors need to be able to analyze financial results to not only enhance audit quality, but to also improve client service through being a better business advisor. Reading and interpreting financial information is a critical skill that this audit CPE course will enhance.
Learning Objectives
Explain common ratios used to analyze and interpret financial results, focusing on areas such as profitability, liquidity, operating efficiency, and leverage
Describe how to improve the use of analytic procedures to detect earnings management and other anomalies
Explain how to leverage analytic procedures as audit evidence
Recall how to draw conclusions from financial statement analysis
Major Topics
Financial statement analysis, and communicating insights to financial statement users
Improving audit quality through strong analytic procedures, including identifying and responding to risk of material misstatement
Developing plausible expectations for comparison to actual financial results
Detecting earnings management and other risks through analytic procedures
