2.5 CPE Financial statement auditors need to be able to analyze financial results to not only enhance audit quality but also improve client service through being a better business advisor. Reading and interpreting financial information is a critical skill that this module will enhance.
Major Topics:
- Financial statement analysis, and communicating insights to financial statement users
- Improving audit quality through strong analytic procedures, including identifying and responding to risk of material misstatement
- Developing plausible expectations for comparison to actual financial results
- Detecting earnings management and other risks through analytic procedures
Learning Objectives
- Explain common ratios used to analyze and interpret financial results, focusing on areas such as profitability, liquidity, operating efficiency, and leverage.
- Describe how to improve the use of analytic procedures to detect earnings management and other anomalies.
- Explain how to leverage analytic procedures as audit evidence.
- Discuss how to draw conclusions from financial statement analysis.
Last updated/reviewed: May 23, 2022
Included In Certifications
This course is included in the following Certification Programs:
13 CoursesAudit Training Level 4 - Supervisor/Manager
- Audit Quality Control - Avoiding Peer Review Deficiencies
- Internal Control Deficiencies and Other Matters - Adding Value Through Required Auditor Communications
- Auditing Impairment of Long-Lived Assets, Including Goodwill - Identifying and Calculating Impairment Losses
- Maximizing Analytic Procedure Evidence - Adding Value Through Useful Financial Statement Analysis
- Accounting Estimates, Including Fair Value - Evaluating the Propriety of Areas with Uncertainty
- Special Audit Considerations - Comprehending Requirements of Group Audits, Compliance Audits, Using the Work of a Specialist or Others, and More!
- The Art of Discipline and Getting Things Done - Applying Better Time, Team, and Project Management Techniques
- Management Skills - Exhibiting Traits of a Balanced Leader-Manager
- Personality Styles - Adapting to Different Types of Personalities for Improved Relationships and Interactions
- Making Rain - Improving Success with Retaining Clients and Attracting Prospects
- General Ethics for Business Professionals
- Accounting Update - Hot Topics for Preparing Current Period Financial Statements
- Auditing & Attest Update - Hot Topics for Current Period Audits and Other Attest Services
3 Reviews (19 ratings)
Reviews
Anonymous
(Director)
These are areas of review that I have not used in awhile or ever. It was a nice refresher course in analysis.
Anonymous
(Financial Reporting Manager)
Good explanations of various ratios and financial statement analysis examples.
Anonymous
(Director, Accounting)
Good overview of various ratios that help in the financial statement analysis
Prerequisites
Course Complexity: Advanced
Prerequisite: Experience on basic audit engagements.
Designed For: Accountants responsible for using analytic procedures to provide greater insight into the financial results for both audit and client service.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Jennifer LouisCPA, President of Emergent Solutions Group LLC
About Illumeo
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Contact Us
- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 75 East Santa Clara St.
- Suite 1215, San Jose, CA 95113
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