Risk-Based Auditing

Substantive Procedures in the Auditing Program

Course Overview:
This course describes substantive procedures in a financial statement audit in detail. The strategy, techniques, timing, and extent of substantive procedures are explained, including how computerized assistance is used in an audit. An explanation of substantive tests of details of transactions, account balances, and estimates is presented. The use of analytical procedures as a substantive procedure is discussed. Development of the substantive procedures audit program is presented.

Learning Objectives:

After completing this course, the course participant should be able to:
  • Recognize the strategy behind substantive procedures and their role in the audit.
  • Identify management's assertions and related audit objectives.
  • Distinguish the nature of substantive procedures under varying risk conditions.
  • Identify the nature, timing, and extent of substantive procedures.
  • Identify useful computerized applications to facilitate the performance of substantive procedures.
  • Specify analytical procedures that are useful as a substantive test.
  • Recognize the audit approach for accounting estimates.
  • Indicate the elements of an audit program.

  • Prerequisites/Advanced Preparation:


    Speaker / Author:

    Barbara Apostolou
    Barbara Apostolou, PhD, CPA is a professor of accounting at West Virginia University. She has authored or co-authored nearly 60 articles and several books and a number of courses for SmartPros. She served for ten years as editor of the Educational Research Section for Issues in Accounting Education and serves on the editorial board of the Journal of Accounting Education. She was awarded the Society of Louisiana CPAs/AICPA Lifetime Achievement in Accounting Education Award in 1996 and is the recipient of 12 awards for teaching excellence.


    Price (USD)

    Standard: $49.90


    Course Code : 993081

    Release Date : 02/14/2014
    Expire Date : 02/15/2022
    Credits :
    CPE 2.00
    QAS 2.00

    Course Level : Update
    Course Type : New Standards
    Length : 1hr 40min
    Passing Grade : 70%
    Field Of Study : Auditing
    Theme : Risk-Based Auditing

    Format Type : eLearning
    Mobile Compatible

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