CPE Credits: 2

Field of Study 1: Auditing

Program Level (Basic, Update, Intermediate, Advanced, Overview): Intermediate

Instructional Delivery Method: Group Internet Based

Course Registration Requirements: Online Registration

Refund/Cancellation Policy: Please contact the ACPEN help desk - 1-800-747-1719 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Complaint Resolution Policy: Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).

Official Registry Statement: Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org

The default method of risk reduction, prescribed by current professional standards, is the use of substantive procedures.  In fact, those same professional standards require that some level of substantive procedures be performed for any and all significant amounts appearing in audited financial statements.  Substantive audit procedures are, simultaneously, a potential source of efficiency and inefficiency in a typical audit environment. This hear-it-today-apply-it-tomorrow session is intended to address the nature and effective application of each of the substantive procedures defined by current professional standards.      

Topics addressed in this session include: 

• Nature, Extent, and Timing of Substantive procedures. 
• Direction of testing.
• Professional standard requirement to perform substantive procedures. 
• Required substantive procedures. 
• Categories of substantive procedures, 

1. Tests of details, and 
2. Substantive analytical procedures.

• Effective use of analytic procedures. 
• Options to substantive procedures.

This course is produced and sponsored by Business Professionals' Network, Inc. and the ACPEN Network.  Business Professionals'Network Inc. is registered with the National State Board of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors under #107810. ... Read More