CCH Learning Center

Description:

This course offers practical guidance on the use of powerful analytical procedures to identify areas of heightened risk for misstatement within financial statements. It also provides time-effective procedures for gathering audit evidence to support various key financial statement assertions. These procedures are important to auditors because they are an efficient tool for assessing audit risk, gathering audit evidence, evaluating audit results, and measuring and evaluating performance.

The course then looks at the qualitative aspects of the information conveyed in financial statements. While quantitative data provides a great deal of information, users of financial statements must understand the qualitative aspects and limitations of the data that they plan to use or rely on. The course helps users become aware of some of the significant qualitative considerations in using financial data.