Using Data Analytics in an Audit (Currently Unavailable)
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
This course is designed for individuals who would like to obtain a basic understanding of how to use data analytics to enhance an audit. We will review the various types of data analytics that are available to auditors. We will discuss the issues with validity and bias when performing data analytics. We will discuss using data analytics in all stages of the audit. Examples of data visualization tools will be provided for participants.
Publication Date: February 2020
Designed For
CPAs, CMAs, CFEs, CFOs, CEOs, employees, staff accountants and anyone who is interested in obtaining a basic understanding of data analytics in an audit.
Topics Covered
- How to use data analytics to enhance an audit
- Various types of data analytics that are available to auditors
- Discuss the issues with validity and bias when performing data analytics
- Discuss using data analytics in all stages of the audit
- Examples of data visualization tools
Learning Objectives
- Identify various types of data analytics that can be used to enhance an audit
- Recognize and apply the various types of data analytics that are available to auditors
- Describe true statements regarding changing technology in business
- Describe data volume
- Recognize and apply sampling methods
- Identify how data analytics be used as a test of details
- Describe conscious bias the could affect data analytics in our audit
- Recognize and apply Bendford's Law data
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
