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22WX-2556: What Every Auditor Needs to Know about Data Analytics (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Wednesday, December 14, 2022
2:00pm - 4:00pm Central Time
2 CPE (2 technical)

If you've made or are thinking of making an investment in audit analytics software, this webinar is a must. Too often firms invest in new technologies only to be disappointed when results fall short of expectation. The reason: true expertise with the software naturally gravitates toward a handful of "super users," while the rest of the firm uses only the most basic features of the new tool if they use it at all. Data analytics can transform auditing but only when all auditors have a fundamental understanding of how it can be used as a problem solving tool. This case study-driven course helps auditors "think like a data scientist" by walking through a step-by-step process for properly framing the problem to be solved, designing an effective analysis and evaluating the results. This course is the perfect complement for any firm exploring the use of Power BI in their audit or consulting practice.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Major subjects

  • What is data analytics?
  • Introduction to the Flatiron Solar case study
  • Applying the data analytics lifecycle to Flatiron Solar

Learning objective(s)

  • Apply the definition of data analytics to audit engagement tasks (including engagement management) they currently face
  • Follow the analytics life cycle approach to address audit issues, including:
    1. Define audit planning objectives and create an audit question to be solved through analysis
    2. Leverage a basic understanding of the client and its industry to create a testable hypothesis
    3. Model a data analysis solution to test the hypothesis using a selection of data mining techniques
    4. Analyze the results and use the analysis to plan appropriate subsequent actions

Who should take this program?

Auditors with a need to better understand how data analytics can be deployed effectively, efficiently, and consistently across engagements of all types.

Fees

Our records indicate you are a nonmember. If you register, you will be charged $79.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $79.00
checkmark Standard Nonmember Fee $79.00

More program information

Location Online
Area
of study
Accounting & audit
Field(s)
of study
Auditing - Technical (2.0)
Level Basic
Format Group Internet Based
Sponsor CPA Crossings, LLC
NASBA ID#: 108744
Prerequisites Prereq. None
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.