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. This audit CPE course will provide the tips and best practice techniques for strengthening substantive analytic procedures in order to reduce over-reliance on tests of details.
Learning Objectives
Upon completion of this course, participants will be able to:
Recall how analytic procedures can enhance audit quality
Explain elements of strong analytic procedures that can eliminate or mitigate the need for extensive tests of details
Describe tips for improving documentation of the design, documentation and evaluation of substantive analytic procedures
Recognize factors impacting the development of expectations and evaluation of results of substantive analytic procedures
