Maximizing Analytic Procedure Evidence - Adding Value Through Useful Financial Statement Analysis will enhance an ability to read and interpret financial information as a critical audit skill. Financial statement auditors need to be able to analyze financial results to not only enhance audit quality, but to also improve client service through being a better business advisor.
DESIGNED FOR
Accountants responsible for using analytic procedures to provide greater insight into the financial results for both audit and client service
BENEFITS
After attending this presentation, you will be able to...
- Determine common ratios used to analyze and interpret financial results, focusing on areas such as profitability, liquidity, operating efficiency, and leverage
- Identify how to improve the use of analytic procedures to detect earnings management and other anomalies
- Determine how to leverage analytic procedures as audit evidence
- Identify how to draw conclusions from financial statement analysis
HIGHLIGHTS
The major topics covered in this course include:
- Financial statement analysis, and communicating insights to financial statement users
- Improving audit quality through strong analytic procedures, including identifying and responding to risk of material misstatement
- Developing plausible expectations for comparison to actual financial results
- Detecting earnings management and other risks through analytic procedures
PREREQUISITES
Basic understanding of financial statements
ADVANCE PREPARATION
None