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: March 23, 2024
Included In Certifications
This course is included in the following Certification Programs:
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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
courses@illumeo.com.

Jennifer LouisCPA, President of Emergent Solutions Group LLC