Audit 206: Analytical Procedures - Audit Fundamentals
2.00 Credits
Member Price $89
Non-Member Price $109
Overview
Analytical Procedures - Comprehending Financial Statement Audit Fundamentals will provide the tips and techniques necessary to gather sufficient appropriate audit evidence to support conclusions using analytic procedures common to financial statement audits. Properly designing, documenting and evaluating results of analytic review procedures is critical for performing an effective and efficient audit engagement. Note: This course is recommended as a part of a 16-hour audit skills curriculum for experienced staff auditors, while it is also appropriate for anyone who has responsibilities for performing financial statement audit analytics. 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:
- 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
Prerequisites
None
Designed For
Accountants responsible for performing basic analytic procedures on audit engagements
Objectives
Upon completion of this course, you will be able to...
- Link preliminary analytic review results to assessed risk of material misstatement
- Perform final overall analysis of audit results
- Understand audit standard requirements, including minimum documentation for substantive analytic procedures
- Design typical substantive analytical procedures
- Identify quality control deficiencies in substantive analytic procedures
Preparation
None
Leader(s):
Leader Bios
Jennifer Louis, Business Learning Institute
Jennifer F. Louis, CPA, has more than 18 years of experience in designing and instructing high-quality training programs. In 2003 she formed Emergent Solutions Group, LLC, serving organizations by providing training services on a project-specific or parttime basis.
Most recently, Ms. Louis was executive vice president / director of trainingServices at AuditWatch, Inc., a premier training and consulting firm serving the audit profession. She began her career at AuditWatch as vice president of product development. Before joining AuditWatch, Ms. Louis was the financial/operational audit manager at AARP.
Ms. Louis also was an audit manager for Deloitte & Touche LLP. During her years at Deloitte & Touche’s Washington D.C. office, she was a frequent local and national instructor. She also served as an
instructor for the firm’s national “Train the Trainers” program.
Non-Member Price $109
Member Price $89