Expanding Your Use of Data Analytics for Audit
Author: Ken Petersen
| CPE Credit: |
1 hour for CPAs |
This course discusses the reasons to use analytics, how auditors can determine analytical tests, and what organizations should put in place, besides a tool, to ensure a successful program. These topics are reviewed in the context of TeamMate Analytics, and a high level overview of TeamMate Analytics is reviewed.
Publication Date: July 2017
Designed For
People in organizations that would like to expand their existing audit analytics program or that don’t really have a program in place.
Topics Covered
- Why organizations need an analytics program
- Approaches for determining tests to use on an audit
- Besides a tool, the other factors needs to be successful
Learning Objectives
- Recognize reasons to use analytics
- Identify how auditors can determine analytical tests
- Differentiate what organization should implement, besides a tool, to ensure a successful program
- Recognize how TeamMate Analytics data preparation tools can help save clients time
- Identify how to advance the use of analytics within an organization
- Recognize how pivot tables can easily be created from data
- Define which test can easily identify missing records
- Identify which anti-fraud controls are often used
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Business Management & Organization (1 hour)
Program Prerequisites
None
Advance Preparation
None
