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Surgent's Successfully Implementing Audit Data Analytics Tools to Add Value to the Audit Process (ADA2)

 
 Wednesday, May. 15, 2019 from 1:00 pm to 3:00 pm
 Online
 
2.0
20 / 2-61239
Registration Status: CLOSED -- Please contact the VSCPA at [email protected] or (800) 733-8272 for availability.
VSCPA Members
$89.00 Regular Registration
Nonmembers
$89.00 Regular Registration
Designed For:
CPAs who need to know how to begin to implement ADA into their audit process while maximizing the chance of success and minimizing the chance of failure.
Prerequisite:

Enabling Audit Transformation: How Audit Data Analytics are Revolutionizing the Financial Statement Audit (ADA1)

While great in theory, the true value of audit data analytics (ADAs) comes from their successful use in the audit process. In Part 2 of our series, we will provide an overview of the types of substantive audit procedures that ADAs can assist in performing. We'll review how auditors can employ ADA tools when performing critical anti-fraud and substantiation audit procedures, such as matching, grouping, filtering, anomaly detection, clustering, keyword search, and visualization (drill down) audit techniques. We'll then discuss actual examples of ADA tests developed using Agile principles and identify the various stages of ADA implementation and best practices for their use in the audit.

Lastly, we'll provide in-depth examples of the usage of the following technologies
Journal Entry Testing- using Team Mate Analytics
Common Sizing- using Power BI, DAX formulas
Backlog of future tests to be implemented- prioritized by importance to the audits


Delivery Method: Individual webcast
CPE Credit: Auditing
Program Level: Basic

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.

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The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.