How to Streamline your Substantive Audit Procedures

This course explores efficient audit methodologies using Audit Sight technology. It features tips from Lauren Fraebel, a former Big Four auditor, and Jonathan Womack, Co-Founder and COO of Audit Sight. They cover "day zero auditing" strategies and discuss practical approaches to preventing wasted time on unprepared clients and identifying high-risk transactions. Topics include accounts receivable confirmations, revenue analytics, journal entry testing, and risk assessment techniques. Gain actionable insights to cut audit hours without cutting corners or compromising quality.

After completing this course, participants will be able to:

- Discuss the role of backup documentation in validating journal entries during audits

- Identify the concept and purpose of day zero auditing

- Evaluate the procedures for summarizing audit test results and determine the post-audit test steps

- Determine how revenue analytics contribute to efficient and effective audit procedures

- List some approaches recommended for clients with complex audit needs involving deferred revenue

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