Leveraging Analytical Procedures to the Fullest on Audits - Case Studies in Strengthening Audit Evidence
2.00 Credits
Member Price $109
Non-Member Price $139
Overview
Peer review deficiencies commonly relate to the design, documentation, and evaluation of the results of analytical procedures. This course will provide examples of how to strengthen evidence resulting from preliminary, substantive, and final analytics. It will reinforce the elements of strong analytical procedures that may enhance the quality of audits.
Highlights
- How well-designed analytic procedures enhance audit quality
- Elements of strong analytic procedures
- Selecting the proper analytic, and altering the strength for the intended purpose
- Evaluating the data used in generating expectations
- Improving documentation, including evaluating sufficiency and appropriateness of the audit evidence obtained
Prerequisites
None
Designed For
Anyone who performs audits
Objectives
- Recall how analytic procedures can enhance audit quality
- Explain elements of strong analytic procedures that can eliminate or mitigate the need for extensive tests of details
- Describe tips for improving documentation of the design, documentation and evaluation of substantive analytic procedures
Preparation
None
Leader(s):
Leader Bios
Jennifer Louis, Business Learning Institute
Jennifer F. Louis, CPA, has more than 18 years of experience in designing and instructing high-quality training programs. In 2003 she formed Emergent Solutions Group, LLC, serving organizations by providing training services on a project-specific or parttime basis.
Most recently, Ms. Louis was executive vice president / director of trainingServices at AuditWatch, Inc., a premier training and consulting firm serving the audit profession. She began her career at AuditWatch as vice president of product development. Before joining AuditWatch, Ms. Louis was the financial/operational audit manager at AARP.
Ms. Louis also was an audit manager for Deloitte & Touche LLP. During her years at Deloitte & Touche’s Washington D.C. office, she was a frequent local and national instructor. She also served as an
instructor for the firm’s national “Train the Trainers” program.
Non-Member Price $139
Member Price $109