Audit 305: Strengthening Substantive Analytic Procedures (2 hours)

Overview

Substantive Analytic Procedures - Strengthening Evidence to Satisfy Audit Objectives will provide the tips and best practice techniques for strengthening substantive analytic procedures in order to reduce over-reliance on tests of details. 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. Note: This course is recommended as a part of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has responsibilities for analytical procedures. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

• How analytic procedures enhance audit quality
• Elements of strong analytic procedures
• Selecting the proper analytic, and altering the strength for the intended purpose
• Disaggregating data to make more informed expectations
• Evaluating the data used in generating expectations, including corroborating inquiry
• Improving documentation, including evaluating sufficiency and appropriateness of the audit evidence obtained
• Resolving significant differences resulting from analytic procedures and concluding on audit results

Prerequisites

Basic audit experience

Designed For

Accountants responsible for strengthening analytic procedures for a more effective and efficient audit

Objectives

After attending this presentation, you will be able to...

• Determine how analytic procedures can enhance audit quality
• Choose elements of strong analytic procedures that can eliminate or mitigate the need for extensive tests of details
• Distinguish tips for improving documentation of the design, documentation and evaluation of substantive analytic procedures
• Identify factors impacting the development of expectations and evaluation of results of substantive analytic procedures

Notice

“Adding to Calendar” does not register you for this event. Please either register online by clicking “Add to Cart” or contacting OSCPA at 503-641-7200 / 800-255-1470, ext. 3. Thank you!