myCPE
myCPE

Analytical Procedures – Comprehending Financial Statement Audit Fundamentals 2.5 Credits

Mar 29, 2024, 03:00 PM ET

Analytical Procedures – Comprehending Financial Statement Audit Fundamentals 2.5 Credits

  • Rating

    4.5
  • Reviewed on

    February, 2024
  • Subject Area

    Auditing

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
Mar 29, 2024, 03:00 PM ET

Learning Objective

  • To identify and link preliminary analytic review results to assessed risk of material misstatement.
  • To explore and perform a final overall analysis of audit results.
  • To recognize audit standard requirements, including minimum documentation for substantive analytic procedures.
  • To discover and design typical substantive analytical procedures.
  • To identify quality control deficiencies in substantive analytic procedures.

Course Overview

The purpose of financial data preparation is smart decision-making that helps to achieve long-term value for owners. The primary way to do this is to have an evaluation of the financial information. 

To do this all the financial and non-financial information needs to be analyzed for plausible relationships with other data points covering financial as well as non-financial data. Further, this data needs to be investigated for fluctuations or relationships that may be inconsistent with the information or differ from expected values by a significant value. This is what constitutes analytical procedures. 

To make sure that the analytical procedures follow its steps, it is essential that the required data has been properly designed and documented, and the results of the analytics review evaluated. This is only possible when the audit engagement is performed effectively and efficiently. 

This Online CPE webinar provides a comprehensive view for identifying major misstatements with the preliminary analytic review process. It also provides common pitfalls and key auditing standards to follow. It will take care of the tips and techniques necessary to gather sufficient appropriate audit evidence to support conclusions using analytic procedures common to financial statement audits.

The major topics covered are as follows:

  • Identifying the risk of material misstatement through preliminary analytic review procedures
  • Ensuring sufficient appropriate audit evidence is gathered through the 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

Click to access more webinars on Accounting & Auditing | IRS Audit CE webinars

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

Enter your qualification details to ensure this course is counted toward your compliance.

Add your qualification details to easily track your compliance. You can also add multiple qualifications for comprehensive coverage.

Additional Information

Credits

2.5

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Stay Ahead of the Game with Jennifer Louis CPD/CPE Webinars
Jennifer Louis , CPA (US)

President, Emergent Solutions Group LLC

  • 4.5
  • rating
  • rating
  • rating
  • rating
  • rating

Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

rating rating rating rating rating
1,824 ratings

Excellent

Very Good

Average

Poor

Terrible

LL

Lynnae Langmann, CPA (US)

Detailed, informative, insightful, well-articulated presentation with helpful handout & case studies/ examples. Thank you.

SM

Sherri Melsha, CPA (US)

Excellent presenter - professional appearance - great communicator - relevant content

Recommended Courses

Fundamentals of Hedge Fund: NAV Accounting

Dec 13, 09:30 AM ET

  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • CGMA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
Proper Documentation of Internal Controls

Dec 13, 11:00 AM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS
Current Fraud Trends - Shifting Risks and Changing Fraud Schemes

Dec 13, 12:00 PM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CGMA
  • IAP
  • QIAL
  • MAFF
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS
Auditing Safety and Incidence Response in Oil and Gas Industry

Dec 13, 12:30 PM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS
Integrated Reporting and Non-Financial Metrics in Financial Analysis

Dec 13, 01:00 PM ET

  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • CGMA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
Risk Assessment Redefined: CAS 315 (Revised) Essentials

Dec 13, 02:30 PM ET

  • CRMA
  • CFE
  • CGAP
  • CIA
  • CMA
  • IAP
  • QIAL
Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive mobile
app for our unlimited
access subscribers

Add qualification to
view credit details

This course is included with,

Individual Subscription

Gain access to everything required for compliance, skill enhancement, and staying ahead of industry trends—all included in the Individual subscription. Here’s what you get:

  • 13,000+ Hours of NASBA-Approved Content
  • 500+ Emerging Subject Areas
  • 50+ State- Specific Ethics Courses
  • 100+ Conferences with Access to Industry Events
  • 250+ FastTrack Compliance Packages

    Pre-selected courses for quick compliance

  • Exclusive Mobile App Access
  • Access to Professional Communities

    Connect with like-minded professionals on Teams.

Trusted by 250,000+ Professionals

trust pilot review google review
Unlimited Access

Ready to Get Started?

Sign up today and begin your learning journey immediately!

card
stripe
$299$199 For 12 Months
Subscribed
Curt purchased a subscription.
Subscribed
Sandra purchased a subscription.
Subscribed
Nathan purchased a subscription.
Subscribed
Isabella purchased a subscription.
Subscribed
Scott purchased a subscription.
Subscribed
Nicole purchased a subscription.
Subscribed
Shehanaaz purchased a subscription.
Subscribed
Alex purchased a subscription.
Subscribed
Jennie purchased a subscription.
Subscribed
Matthew purchased a subscription.
Subscribed
Lance purchased a subscription.
Subscribed
MARIA purchased a subscription.
Subscribed
caitlin purchased a subscription.
Subscribed
Willy purchased a subscription.
Subscribed
Nathalie purchased a subscription.
Subscribed
Kendra purchased a subscription.
Subscribed
Trisha purchased a subscription.
Subscribed
Jennifer purchased a subscription.
Subscribed
Nawapong purchased a subscription.
Subscribed
Abbey purchased a subscription.
Subscribed
Molly purchased a subscription.
Subscribed
Valerie purchased a subscription.
Subscribed
Tatiana purchased a subscription.
Subscribed
Ahmed purchased a subscription.
Subscribed
Richa purchased a subscription.
Subscribed
Lori purchased a subscription.
Subscribed
Marcus purchased a subscription.
Subscribed
Deepesh purchased a subscription.
Subscribed
Farah purchased a subscription.
Subscribed
Benjamin purchased a subscription.
Subscribed
Shequandra purchased a subscription.
Subscribed
Chase purchased a subscription.
Subscribed
Carl purchased a subscription.
Subscribed
Tom purchased a subscription.
Subscribed
Jeffrey purchased a subscription.
Subscribed
ROBERT purchased a subscription.
Subscribed
Jennica purchased a subscription.
Subscribed
Jenhelyn purchased a subscription.
Subscribed
Donna purchased a subscription.
Subscribed
Yiwei purchased a subscription.
Subscribed
Donna purchased a subscription.
Subscribed
Teresa Hill purchased a subscription.
Subscribed
Sandra purchased a subscription.
Subscribed
Cynthia purchased a subscription.
Subscribed
RICHARD purchased a subscription.
Subscribed
Nijil purchased a subscription.
Subscribed
Melissa purchased a subscription.
Subscribed
Ka Ki purchased a subscription.
Subscribed
Sarah purchased a subscription.
Subscribed
Sonya purchased a subscription.
Subscribed
Marie Elena purchased a subscription.
Subscribed
Ryan purchased a subscription.
Subscribed
Ramona purchased a subscription.
Subscribed
Jon purchased a subscription.
Subscribed
Jacqueline purchased a subscription.
Subscribed
Kyle purchased a subscription.
Subscribed
Tina purchased a subscription.
Subscribed
Kalanna purchased a subscription.
Subscribed
Kristie purchased a subscription.
Subscribed
Robert purchased a subscription.
Subscribed
Brian purchased a subscription.
Subscribed
John purchased a subscription.
Subscribed
Stephanie purchased a subscription.
Subscribed
Alekhandra purchased a subscription.
Subscribed
Amy purchased a subscription.
Subscribed
Stacy purchased a subscription.
Subscribed
Robert purchased a subscription.
Subscribed
Robert purchased a subscription.
Subscribed
Suzanne purchased a subscription.
Subscribed
RON purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Yolande purchased a subscription.
Subscribed
Roger purchased a subscription.
Subscribed
Grace purchased a subscription.
Subscribed
Lucille purchased a subscription.
Subscribed
Jason purchased a subscription.
Subscribed
Laurie purchased a subscription.
Subscribed
Matthew purchased a subscription.
Subscribed
Christopher purchased a subscription.
Subscribed
Janet purchased a subscription.
Subscribed
Bill purchased a subscription.
Subscribed
Stephen purchased a subscription.
Subscribed
Rohini purchased a subscription.
Subscribed
Mark purchased a subscription.
Subscribed
Disha purchased a subscription.
Subscribed
Cynthia purchased a subscription.
Subscribed
Yi Yang purchased a subscription.
Subscribed
Garrett purchased a subscription.
Subscribed
Alex purchased a subscription.
Subscribed
Judson purchased a subscription.
Subscribed
Denise purchased a subscription.
Subscribed
Lisa purchased a subscription.
Subscribed
Sherry purchased a subscription.
Subscribed
Joan purchased a subscription.
Subscribed
xi purchased a subscription.
Subscribed
Robert John purchased a subscription.
Subscribed
Walter purchased a subscription.
Subscribed
Diane purchased a subscription.
Subscribed
Heather purchased a subscription.
Subscribed
Catherine purchased a subscription.