Expanding Your Use of Data Analytics for Audit

Author: Ken Petersen

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