Course ID: LAPA

Leveraging Analytical Procedures to the Fullest on Audits – Case Studies in Strengthening Analytic Evidence


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.


LEARNING OBJECTIVES
  • 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

MAJOR TOPICS
  • 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.

DESIGNED FOR
Public accountants who rely on analytic procedures to supporting conclusions

PREREQUISITES
None

COURSE PRODUCER
Business Learning Institute

CPE CREDITS
2.0

LEVEL
Basic

This course is available to be scheduled as:

Group Live
 

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