Guide to Audit Data Analytics.

Intro -- Guide to Audit Data Analytics -- Preface -- Notice to Readers -- Potential Benefits of Increased Use of ADAs -- Recognition -- AICPA.org Website -- Table of Contents -- Chapter 1 Introduction -- Objectives of This Guide -- Structure, Form, and Content of This Guide -- Considerations Regarding Examples in This Guide and Other Matters -- Relationship Between ADAs, CAATs, and Analytical Procedures -- Exercising Professional Judgment and Maintaining Professional Skepticism -- Considerations in Determining Which ADA to Use to Meet the Objective of the Audit Procedure -- Using Graphics and Tables (Visualization) -- Graphics Often Linked With Particular ADAs -- Matters to Consider Regarding Graphic Design -- Accessing and Preparing Data for Purposes of an ADA -- Accessing Data in a Format the Auditor Can Use -- Maintaining Data Security, Confidentiality, and Integrity -- Preparing the Data for Use -- Relevance and Reliability of Data -- Data Characteristics That May Affect Relevance and Reliability of Data -- Relevance of Data -- Reliability of Data -- Possible Sequence of Procedures Regarding Data Relevance and Reliability -- Addressing Circumstances in Which an ADA Identifies a Large Number of Items for Further Consideration -- Documenting the Procedures -- GAAS Requirements Regarding Documentation -- Screenshots of Graphics -- Documenting Process to Address a Large Number of Items Warranting Further Consideration -- Chapter 2 Using ADAs in Performing Risk Assessment Procedures and in Procedures to Assist When Forming an Overall Conclusion -- Matters Covered in This Chapter -- Specific Generally Accepted Auditing Standards Relevant to Use of ADAs in Performing Risk Assessment Procedures -- Definition of Risk Assessment Procedures -- Applying Five Basic Steps for an ADA -- Plan the ADA.

Determine the Specific Objectives of the ADA (Within the Context of Its Overall Purpose) -- Consider the Relevance and Reliability of the Data Used -- Perform the ADA -- Identifying and Addressing Notable Items -- Addressing Risks of Material Misstatement for Remaining Population Items -- Using ADAs in Performing Procedures to Assist When Forming an Overall Conclusion -- Appendix A Examples of ADAs Used in Performing Risk Assessment Procedures -- Chapter 3 Using ADAs in Performing Substantive Analytical Procedures -- Matters Covered in This Chapter -- Definition of Analytical Procedures -- Nature and Objectives of Substantive Analytical Procedures -- Steps an Auditor Might Follow in Planning, Performing, and Evaluating a Substantive Analytical Procedure -- Auditor's Expectations -- Precision -- Level of Assurance -- Plausibility and Predictability of Relevant Relationships -- Level of Disaggregation of Data -- Amount of Acceptable Difference of Recorded Amounts From Expected Values -- Investigation of a Significant Difference -- Effectiveness of Method Used to Develop the Auditor's Expectation -- Trend Analysis -- Ratio Analysis -- Non-Statistical Predictive Modeling -- Regression Analysis -- Documentation -- Appendix B Examples of ADAs Used in Performing Substantive Analytical Procedures -- Chapter 4 Using ADAs in Performing Tests of Details -- Matters Covered in This Chapter -- Certain GAAS Relevant to the Use of ADAs in Performing Tests of Details -- Nature and Extent of Substantive Procedures -- Evaluation of Misstatements -- Applying Five Basic Steps for an ADA -- Perform the ADA -- Identification of Possible Misstatements and Actual Misstatements -- Appendix C Examples of ADAs Used in Performing Tests of Details -- Appendix D Matters to Consider Regarding the Reliability of Data -- Subject Index -- EULA.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.