Quantitative Analysis for Auditors - Understanding Sampling

Learning Objectives

• To identify the understanding of population analysis in Audit sampling
• To explore correlation and regressions for audit
• To discuss how to conduct the audit
• To recognize how you can obtain information from IT systems for analysis
• To explore the application of Computer Assisted Audit Techniques (CAATs)
• To discuss the application of data analytics for audit results
• To identify the use of probability theory for audit

Course Description

A hands-on approach for getting good audit results shows that the need of the hour is to include quantitative analysis in the auditing process. It has come to be a necessity in the wake of numerous information technology devices and systems. These systems and devices have made it a pre-requisite that the auditors and the management have the system in place to examine high volumes of data to determine patterns and trends. 

This online CPE Audit webinar Richard Cascarino provides the use of quantitative techniques for improving the quality and efficiency of the audit. Combining financial and operating data enables the management to set up key areas for the required impact. This webinar would help in proving the mettle of the auditor by answering questions that provide quality of audit findings such as how significant the audit findings are, how audit findings can help improve the product quality, reliability, safety, etc.  

This online CPE Auditing webinar covers the following Key Topics: 

• Population Analysis
• Correlations and Regressions
• Conducting the Audit
• Obtaining Information from IT Systems for Analysis
• Use of Computer Assisted Audit Techniques
• Data Analytics
• Probability Theory

Richard has been providing internal audit, fraud audit, information security consultancy, risk management, and corporate governance consultancy for over three decades. He has a relevant practical approach in explaining key concepts. With his opinions and experience poured into the webinar course, the attendees will get key insight that can prove to be a long-term value.

Overview

• Data analysis software

  9 mins
• Risk analysis and internal auditing

  18 mins
• A risk-based planning approach

  37 mins
• Primary areas of concern

  52 mins
• Main big data technologies

  78 mins
• Importing the data

  91 mins
• Challenges for the Auditor

  101 mins
• Determining the appropriate CAAT

  135 mins