Audit 206: Analytical Procedures - Audit Fundamentals
Online
2.00 Credits
Member Price $89.00
Non-Member Price $124.00
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.
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
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
Designed For
Accountants responsible for performing basic analytic procedures on audit engagements
Prerequisites
None
Preparation
None
Notice
You will receive an email from CPA Crossings via Webex with instructions to access the webinar.
Leader(s):
Leader Bios
Jennifer Louis, Surgent McCoy CPE, LLC
Jennifer F. Louis, CPA has over 19 years of experience in designing and presenting 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, a company dedicated to developing and delivering accounting and auditing training services. She was most recently executive vice president/director of training services at AuditWatch, Inc., a highly respected training and consulting firm serving the audit profession. During her six years at AuditWatch, Ms. Louis served in many other capacities, including vice president of product development, and a consultant for the firm’s Audit Productivity Improvement Program TM. She also coauthored a manual on value-added auditing. Before joining AuditWatch, Ms. Louis was the financial/operational audit manager at AARP. While at AARP, she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and training sessions. Ms. Louis was also an audit manager for Deloitte and Touche, LLP. During her years in that firm’s Washington, D.C. office, she served as an instructor for the firm’s national “Train the Trainers” program. Ms. Louis graduated summa cum laude from Marymount University with a BBA in accounting.
Non-Member Price $124.00
Member Price $89.00