Leveraging Analytical Procedures to the Fullest on Audits - Case Studies in Strengthening Audit Evidence
Overview
Peer review deficiencies commonly relate to the design, documentation, and evaluation of the results of analytical procedures. This course will provide examples of how to strengthen evidence resulting from preliminary, substantive, and final analytics. It will reinforce the elements of strong analytical procedures that may enhance the quality of audits.
Highlights
- How well-designed analytic procedures enhance audit quality
- Elements of strong analytic procedures
- Selecting the proper analytic, and altering the strength for the intended purpose
- Evaluating the data used in generating expectations
- Improving documentation, including evaluating sufficiency and appropriateness of the audit evidence obtained
Prerequisites
None
Designed For
Anyone who performs audits
Objectives
- 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
Preparation
None
Notice
This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Accounting Continuing Professional Education Network (ACPEN).
Leader(s):
Leader Bios
Jennifer Louis, Emergent Solutions Group LLC
Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and "soft skills" topics needed for professional and organizational success.
In 2003 she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. She currently resides in Charlotte, NC.
Non-Member Price $109.00
Member Price $79.00