On-Demand


2 CPE

Auditing Bits in Bytes™ Session 5: Substantive Testing

On-Demand
2 CPE
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    Instructor

    Jennifer
    Louis

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Learning Objectives

  • Identify steps to design and perform substantive audit procedures comprising the detailed audit plan
  • Identify common deficiencies in performing and documenting further audit procedures, including both tests of details and substantive analytic procedures
  • Recognize how to comply with specific requirements for extended tests of details performed to address higher risk of material misstatement, including external confirmation and sampling

Major Topics

  • Nature, Timing & Extent of Substantive Testing – How to gather sufficient and appropriate audit evidence to support the audit opinion
  • Substantive Analytic Review – Typical deficiencies in designing, documenting and leveraging audit evidence gathered through these further audit procedures
  • Confirmations – Mistakes made in designing and evaluating the results of third-party confirmations as a form of persuasive audit evidence
  • Sampling Considerations – Common misunderstandings related to designing, performing and concluding on tests of details
  • Extensive illustrative examples will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement

CPE Credits Available

2 CPE
2
Auditing

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Accounting & Auditing

Prerequisites

  • None

Advanced Preparation

None  SPEAKER BIO

Intended Audience

  • Anyone who is new to auditing or desires a refresher in how to perform effective and efficient financial statement audits for non-issuers in accordance with professional and regulatory standards.

Provider

AICPA

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