Published: August, 2021
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. The analytic procedure covers the evaluations of financial information through analysis of plausible relationships among both financial and non-financial data. To ensure the internal control of the organization analytic procedures can provide substantial support. Such investigation, as necessary, of identified fluctuations or relationships that are inconsistent with other relevant information or that, differ from expected values by a significant amount.
This Online CPE webinar discusses key questions about using an analytic procedure to ensure better audit results and strong internal control procedures to avoid material misstatements. It explores the area of how you can strengthen your analytic evidence to satisfy your audit objectives and enhance the quality of the audit. The speaker goes into detail on the subject and identifies key elements to have a strong analytic procedure that can either eliminate or mitigate the need for more extensive tests to have details. However, without key documentation, this would not be realized. The speaker Jennifer Louis delves into improving documentation of design, evaluation, and results of an audit from analytics. The webinar covers two key topics of exploring key factors that you must include while describing your expectations from audit and recognizing the sources of assumptions that you are making as you are comparing actual to formal for reaching conclusions.
This Online CPE webinar covers the following Major Topics:
This Online CPE webinar will provide the tips and best practice techniques for strengthening substantive analytic procedures in order to reduce over-reliance on tests of details.
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.
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.
Emergent Solutions Group is highly rated in course design and instruction on a wide array of topics, including accounting, auditing, personal development, project management, practice management, and more. Our Services includes :
1. Developing High-Caliber, Cost-Effective Training Content
2. Revamping or Customizing Existing Training Offerings
3. "On-Call” Instructing and Speaking
4. Training the Trainer
Jan 5th, 2022
There was an issue with the audio that was very distracting.