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ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
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Leveraging Analytical Procedures to the Fullest on Audits – Case Studies in Strengthening Analytic EvidenceCOURSE ID: LAPA
DESCRIPTION

Strong substantive analytic procedures are critical for a quality and profitable audit engagement. This course will provide specific illustrations of how to strengthen and improve the design, documentation and results of analytical procedures.

DESIGNED FOR: Public accountants who rely on analytic procedures to supporting conclusionsFIELD OF STUDY: AuditingLEVEL: BasicPREREQUISITES: NoneCOURSE PRODUCER: Business Learning InstituteCREDITS: 2.0OBJECTIVES:
  • Describe the importance of strong analytic procedures to an effective and efficient audit
  • Explain various methods for strengthening substantive analytic procedures
  • Apply tools and techniques for designing, performing, and interpreting the results of solid analytical procedures to improve financial analysis and performance measurement
HIGHLIGHTS:

* Explain how analytical procedures are evaluations of financial information made by a study of plausible relationships among both financial and nonfinancial data
* Discuss how analytical procedures usually involve comparing recorded amounts, or ratios of recorded amounts, to expectations developed.
* Describe that when properly performed, analytical procedures represent an effective way to enhance quality, improve efficiency, and add value to the financial statement audit process
* Understand that to be useful, analytics require a true understanding of the industry, results of operations, risks, and financial statement reporting objectives
* Illustrations of “real-life” examples of improving the strength of analytical procedures.

Download the 2016 Business Learning Institute Course Catalog DOWNLOAD PDF
Business Learning Institute - Course Catalog
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