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Audit 305: Strengthening Substantive Analytic Procedures Webinar

Oct 4
11:00 - 1:00 p.m.

Online

2-A&A
CPE Credits

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.

Learning 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

Highlights

The major topics covered in this course include:

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

Registration

PICPA Member: $89
Nonmember: $114

More Information

Course No. ESA305P2 Level: Intermediate

Prerequisites: Basic audit experience

Notes
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.