Description

Properly designing, documenting, and evaluating results of analytic review procedures is critical for performing an effective and efficient audit engagement. This module will provide the tips and techniques necessary to gather sufficient appropriate audit evidence to support conclusions using analytic procedures common to financial statement audits.

Major Topics:

• Identifying risk of material misstatement through preliminary analytic review procedures
• Ensuring sufficient appropriate audit evidence is gathered through final overall analytic review
• Establishing expectations for analytic procedures
• Properly designing, documenting and evaluating the results of substantive analytic review procedures
• Disaggregating substantive analytics for stronger results
• Factors impacting the design of substantive analytic procedures
• Common pitfalls in performing substantive analytic procedures