Overview
This CPE course introduces the concept of audit data analytics (ADA), provides a brief overview of it, and illustrates how ADA tools can be integrated into the current audit process. The course provides over a dozen examples ranging from procedures performed during risk assessment through forming an overall conclusion. Examples also include procedures for substantive analytical procedures and tests of details.
Learning Outcomes
- Identify what is audit data analytics
- Recall how audit data analytics fits within the audit process, from risk assessment through forming an opinion
- Identify the basic audit procedures that use audit data analytics
These outcomes are achieved through the discussion of following topics:
- Audit data analytics
- Application of audit data analytics in an audit
- Audit data analytics versus analytical procedures
Level: Basic
Who Should Attend
- Auditors performing and reporting on their audit engagements