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
Instructor
Robert K Minniti
DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.
Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.
He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.
Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.