DESCRIPTION
This module provides participants with an in-depth look at using financial and non-financial data on audit engagements, with a focus on thinking creatively about data that is relevant to the audit. Classroom discussions will allow participants to build their digital fluency and data-driven problem-solving skills while learning to identify appropriate data sources and design new audit procedures using data, including how to create data visualizations that add value to the audit team. The course also covers steps for evaluating the reliability of the information obtained and considerations for mitigating the risk of overreliance on automated tools and techniques.
LEARNING OBJECTIVES
- Create meaningful data visualization analyses that provide insights to the audit team throughout planning, substantive, and wrap-up.
- Identify opportunities to incorporate data in the design of effective, efficient audit procedures
- Assess the appropriateness of data received from clients for use in audit procedures and mitigate the risk of overreliance on the data
