Analytical Procedures – Comprehending Financial Statement Audit Fundamentals

Welcome to myCPE

Learning Objectives

To identify and link preliminary analytic review results to assess the 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 Description

The purpose of financial data preparation is smart decision-making that helps to achieve long-term value for owners. The primary way to do it 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, the required data must be properly designed, and documented, 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 in this Auditing Webinar 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

Webinar Qualifies For

2 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
2 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
2 CPD Credit of Auditing for CPA in Canada
2 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
2 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
2 CPE Credit of Auditing for Certified Management Accountants (CMA)
2 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
2 CPD Credit of Auditing for Certified Financial Forensics (CFF)
2 CPD Credit for Association of Chartered Certified Accountants (ACCA)
2 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
2 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)
2 CPD Credit for Chartered Accountant - ICAEW
2 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
2 CPE Credit of Auditing for Certified Internal Controls Auditor (CICA)
2 CPD Credit for Chartered Accountants - Scotland
2 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
2 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
2 CPD Credit for Chartered Accountants - Ireland (CAI)
2 CPD Credit for CPA - Ireland
2 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
2 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)
2 CPE Credit of Auditing for Certified Controls Specialist (CCS)

About Instructor

Jennifer Louis, CPA (US)

President, Emergent Solutions Group LLC

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.

Additional Information

Duration

2 Hours

Course Level

Basic

Instructional Method

Group Internet Based

Pre-requisites

None

Advance Preparation

None

FAQ’s

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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 through its website: www.NASBARegistry.org.

Ratings and Review

4.1

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Lynnae Langmann, CPA (US)

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

Sherri Melsha, CPA (US)

Excellent presenter - professional appearance - great communicator - relevant content

Deborah Neumann, CPA (US)

Clearly explained webinar. Thank you.

Ronald Winter, CPA (US)

Jen is always fantastic !!!!!!!!!!!!!

CFK

Coovi Franck Kemonnou, CFE, CIA

the webinar was very instructive!

2 Credits

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Subject Area

Auditing

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Analytical Procedures – Comprehending Financial Statement Audit Fundamentals

Course Details

Learning Objectives

Course Description

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Jennifer Louis, CPA (US)

Other Details

Additional Information

2 Hours

Basic

Group Internet Based

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.1

Lynnae Langmann, CPA (US)

Sherri Melsha, CPA (US)

Deborah Neumann, CPA (US)

Ronald Winter, CPA (US)

Coovi Franck Kemonnou, CFE, CIA

Subject Area

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