Audit 404: Maximizing Analytic Procedure Evidence on Audits

Friday, February 21, 2025
Webcast or Webinar, Online
1:30 PM - 3:30 PM (opens at 1:00 PM) EST
2Credits
Accounting and Auditing

Registration is Open

Members
$89.00 Regular Price
Non-Members
$119.00 Regular Price

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/CX45780
Level: Intermediate
Vendor: CPA Crossings, LLC
Field of Study: Auditing

Overview:

Maximizing Analytic Procedure Evidence - Adding Value Through Useful Financial Statement Analysis will enhance an ability to read and interpret financial information as a critical audit skill. Financial statement auditors need to be able to analyze financial results to not only enhance audit quality, but to also improve client service through being a better business advisor. Note: This course is recommended as a part of a 16-hour audit skills curriculum for supervisory or managerial auditors, while it is also appropriate for anyone who has responsibilities for analyzing and interpreting financial statements. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Objectives:

After attending this presentation, you will be able to...

  • Determine common ratios used to analyze and interpret financial results, focusing on areas such as profitability, liquidity, operating efficiency, and leverage
  • Identify how to improve the use of analytic procedures to detect earnings management and other anomalies
  • Determine how to leverage analytic procedures as audit evidence
  • Identify how to draw conclusions from financial statement analysis

Major Topics:

The major topics covered in this course include:

  • 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

Major Topics:

The major topics covered in this course include:

  • 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

Designed For:

Accountants responsible for using analytic procedures to provide greater insight into the financial results for both audit and client service

Prerequisites:

Basic understanding of financial statements