NAA2213. Evidence and Analytical Procedures Risk

To submit a question or participate in polling, click the link above. A common question is how to assess the evidential value of simple as well as complex analytical procedures. This session will discuss a framework for integrating AI and other analytical procedures into the audit and assessing their evidential value. The new Evidence Standard better clarifies the application of analytical procedures to provide audit evidence and value.

Learning Objectives:

• Identify the role and significance of analytical procedures in the AICPA Audit Risk Model
• Analyze how to relate analytical procedures to accounts and assertions
• Determine how much credit / risk to assign to analytical procedures
• Select advanced analytical tools and identifying the value of the evidence resulting from their performance
• Use appropriate documentation produced by advanced analytical tools