Risk-Based Auditing

Substantive Procedures in the Auditing Program

Course Overview:
This course describes substantive procedures in a financial statement audit in detail. The strategy, techniques, timing, and extent of substantive procedures are explained, including how computerized assistance is used in an audit. An explanation of substantive tests of details of transactions, account balances, and estimates is presented. The use of analytical procedures as a substantive procedure is discussed. Development of the substantive procedures audit program is presented.



Learning Objectives:

After completing this course, the course participant should be able to:
  • Recognize the strategy behind substantive procedures and their role in the audit.
  • Identify management's assertions and related audit objectives.
  • Distinguish the nature of substantive procedures under varying risk conditions.
  • Identify the nature, timing, and extent of substantive procedures.
  • Identify useful computerized applications to facilitate the performance of substantive procedures.
  • Specify analytical procedures that are useful as a substantive test.
  • Recognize the audit approach for accounting estimates.
  • Indicate the elements of an audit program.

  • Content Partner:

    SmartPros Ltd.

    SmartPros Ltd. is a leader in online and offline continuing education for
    accounting, finance and engineering professionals. With over 2,000 hours of
    content, SmartPros has been providing mandatory continuing education
    products since 1981. SmartPros provides services and content to its
    professional and corporate clients, in a variety of media including Web, CD
    ROM, and video. In the accounting market, SmartPros also has a predominant
    news and information portal which receives 200,000+ visits per month and
    provides services to over 100,000 subscribers. SmartPros' customers include
    50% of the Fortune 500, as well as the major firms and associations in each
    of its professional markets.


    Prerequisites/Advanced Preparation:

    None

    Speaker / Author:

    Barbara Apostolou
    Barbara Apostolou, PhD, CPA is a professor of accounting at West Virginia University. She has authored or co-authored nearly 60 articles and several books and a number of courses for SmartPros. She served for ten years as editor of the Educational Research Section for Issues in Accounting Education and serves on the editorial board of the Journal of Accounting Education. She was awarded the Society of Louisiana CPAs/AICPA Lifetime Achievement in Accounting Education Award in 1996 and is the recipient of 12 awards for teaching excellence.

    Software & Hardware Requirements:

    • 56k or Greater Internet Connection
    • Adobe Acrobat® Reader for the .pdf files
    • Adobe® Flash® Player 9 or higher
    • Modern DHTML Compatible Browser
    • Ram: 256 MB minimum
    • Windows or Mac OS

    Buy

    Price (USD)

    Standard Rate: $49.90

    Details

    Course Code : 993081

    Release Date : 02/14/2014
    Expire Date : 12/31/2019
    Credits :
    CPE 2.00
    QAS 2.00

    Length : 1hr 40min
    Course Level : Update
    Course Type : New Standards
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Auditing

    Theme : Risk-Based Auditing

    Included In

    Returning Subscribers

    Login
    - OR -
    Login