Self-Study

Surgent's Substantive Analytic Procedures (Audit Skills Training - Level 3) (A3M7)

One of the ways to perform a more effective and efficient audit is to maximize the use of substantive analytic procedures in the detailed audit plan. This module will provide the tips and techniques for strengthening substantive analytic procedures.

Objectives

  • Learn how analytic procedures enhance audit quality
  • Explain elements of strong analytic procedures
  • Describe tips for improving documentation of the design, documentation and evaluation of substantive analytic procedures
  • Discuss how to corroborate management representations impacting development of expectations and evaluating results

Highlights

  • How analytic procedures enhance audit quality
  • Elements of strong analytic procedures
  • Selecting the proper analytic, and altering the strength for the intended purpose
  • Disaggregating data to make more informed expectations
  • Evaluating the data used in generating expectations, including corroborating inquiry
  • Improving documentation, including evaluating sufficiency and appropriateness of the audit evidence obtained
  • Resolving significant differences and concluding on results

Additional Information

Designed For

Accountants responsible for strengthening analytic procedures for a more effective and efficient audit.

Vendor

Surgent

Advanced Preparation

None

Prerequisite

Familiarity with SASs and FASBs

Field of Study

Auditing

Course Number

17A3M7-WC

Level of Knowledge

Intermediate

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