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Audit Data Analytics To Traditional Procedures Mapping Document

The document maps traditional audit procedures to relevant tools, applications, audit phases, accounts, and standards. It includes a library of audit procedures categorized by phase and account. Sections break out procedures by risk assessment, journal entries, cash, accounts receivable, inventory, and other accounts. Visualization and dashboard options are also provided to support risk assessment and audit procedures.

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0% found this document useful (0 votes)

195 views553 pages

Audit Data Analytics To Traditional Procedures Mapping Document

Uploaded by

Darma Bonar Tampubolon

We take content rights seriously. If you suspect this is your content, claim it here.

Available Formats

Download as XLSX, PDF, TXT or read online on Scribd

You are on page 1/ 553

Audit Data Anal

Map

I. Purpose
The purpose of this mapping document is to illustrate what tools and applications are available today that can help to facilitate
The mapping document also aligns general, traditional audit procedures to the (1) industry they cover (if applicable), (2) releva
(4) phase of the audit, (5) applicable auditing standard, (6) significant account being tested, (7) relevant audit data standard do
mapping document also links to examples found in the AICPA's Guide to Audit Data Analytics.

II. Notice to Readers

This Audit Data Analytics to Audit Procedures mapping document (mapping document) is designed to provide illustrative infor
The material was prepared by AICPA staff and has not been considered or acted upon by senior technical committees or the AI
understanding that the staff and publisher are not engaged in rendering legal, accounting, or other professional service. If lega
The staff and publisher make no representations, warranties, or guarantees about, and assume no responsibility for, the conten
use of, reference to, or reliance on such material. Please note that the audit data analytic vendor tools mentioned are referenc
to each "Traditional Audit Procedure" is included to offer additional guidance. The "Traditional Audit Procedure" is not limited

III. Layout and Organization of the Mapping Document

The mapping document is organized into the following sections:

Title Overview
Tab #1 Introduction Discusses the purpose of the document.

This tab includes the full library of example audit

related audit assertions, auditing standards, and
standards. Example audit data analytics are also
Tab #2 Library by Audit Phase and Account illustrate how some traditional procedures could

This tab includes a number of visualization and da

options that could be used to support risk assessm
Tab #3 Visualization & Dashboard Ideas audit procedures.
The following tabs (4–23) break out the library of
procedures by audit phase and account. Please no
tabs include the same procedures that are also in
Tab #4 Divider the "Library by Audit Phase" tab.

This spreadsheet focuses on the risk assessment a

and includes some example audit procedures that
Tab #5 Risk Assessment performed to gain an understanding of the entity

This spreadsheet includes general audit procedur

Tab #6 Journal Entry Procedures performed over manual and automated journal e

This spreadsheet includes general audit procedur

Tab #7 Cash performed to test cash accounts.

This spreadsheet includes general audit procedur

Tab #8 Marketable Securities performed to test marketable securities.

This spreadsheet includes general audit procedur

Tab #9 Accounts Receivable performed to test accounts receivable.

This spreadsheet includes general audit procedur

Tab #10 Inventory performed to test inventory accounts.

This spreadsheet includes general audit procedur

Tab #11 Prepaid Expenses and Other Assets performed to test prepaid expenses and other ass

This spreadsheet includes general audit procedur

Tab #12 Investments performed to test investments.

This spreadsheet includes a general audit procedu

Tab #13 Impairment performed to test impairment and valuation adju

This spreadsheet includes general audit procedur

Tab #14 Intercompany performed to test intercompany balances.

This spreadsheet includes general audit procedur

the testing of long-term receivables, non-current
Tab #15 Long-Term Financial Assets other long-term financial assets.

This spreadsheet includes general audit procedur

Tab #16 Property, Plant, and Equipment (PPE) testing of PPE.
This spreadsheet includes general audit procedur
performed over intangible assets (including good
Tab #17 Intangibles (Including Goodwill) write-offs.

This spreadsheet includes general audit procedur

Tab #18 Notes Payable performed to test notes payable accounts.

This spreadsheet includes general audit procedur

Tab #19 Accounts Payable performed to test accounts payable.

This spreadsheet includes general audit procedur

Tab #20 Income Taxes performed to test company income taxes.

This spreadsheet includes general audit procedur

Tab #21 Other Liabilities performed to test other liabilities.

This spreadsheet includes general audit procedur

Tab #22 Debt performed to test debt accounts.

This spreadsheet includes general audit procedur

Tab #23 Equity performed to test equity accounts.
Audit Data Analytics to Audit Procedures
Mapping Document

day that can help to facilitate the automation of certain traditional audit procedures.
over (if applicable), (2) relevant audit assertions, (3) type of procedure being performed,
evant audit data standard document, and (8) example tool or application that could help to perform that particular procedure. The

d to provide illustrative information with respect to the subject matter covered. It does not establish standards or preferred practices.
chnical committees or the AICPA board of directors and does not represent an official opinion or position of the AICPA. It is provided with t
r professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be soug
responsibility for, the content or application of the material contained herein and expressly disclaim all liability for any damages arising ou
tools mentioned are referenced as examples only. They are not endorsed by or affiliated with the AICPA. Also note that the auditing stand
dit Procedure" is not limited to the standard noted, and additional standards may need to be considered in order to comply with requirem

Overview Number of Analytics Referenced

of the document. N/A

ull library of example audit procedures and

ns, auditing standards, and audit data
udit data analytics are also included to
raditional procedures could be automated. 92

mber of visualization and dashboard

used to support risk assessment and other
4
–23) break out the library of audit
hase and account. Please note that these
procedures that are also included within
Phase" tab. N/A

ses on the risk assessment area of the audit

ample audit procedures that can be
understanding of the entity under audit. 4

udes general audit procedures that could be

ual and automated journal entries. 21

udes general audit procedures that could be

h accounts. 2

udes general audit procedures that could be

rketable securities. 2

udes general audit procedures that could be

ounts receivable. 20

udes general audit procedures that could be

entory accounts. 8

udes general audit procedures that could be

paid expenses and other assets. 0

udes general audit procedures that could be

estments. 2

udes a general audit procedure that could be

pairment and valuation adjustments. 1

udes general audit procedures that could be

ercompany balances. 8

udes general audit procedures related to

rm receivables, non-current deposits, and
cial assets. 2

udes general audit procedures related to the

7
udes general audit procedures that could be
gible assets (including goodwill) as well as
0

udes general audit procedures that could be

es payable accounts. 3

udes general audit procedures that could be

ounts payable. 9

udes general audit procedures that could be

mpany income taxes. 0

udes general audit procedures that could be

er liabilities. 2

udes general audit procedures that could be

t accounts. 1

udes general audit procedures that could be

ity accounts. 0
particular procedure. The

dards or preferred practices.

of the AICPA. It is provided with the
rofessional person should be sought.
ability for any damages arising out of the
Also note that the auditing standard linked
in order to comply with requirements.
Library by Audit Phase and Account

I. Notice to Readers

This Audit Data Analytics to Audit Procedures mapping document (mapping document) is designed to provide illustrative infor
AICPA staff and has not been considered or acted upon by senior technical committees or the AICPA board of directors and doe
and publisher are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assis
representations, warranties, or guarantees about, and assume no responsibility for, the content or application of the material c
on such material. Please note that the audit data analytic vendor tools mentioned are referenced as examples only. They are n
"Traditional Audit Procedure" is included to offer additional guidance. The "Traditional Audit Procedure" is not limited to the s

In addition, please note the following:

* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and d
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in

** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guid
Additional auditing standards should be reviewed and consulted throughout the audit process.

*** Please note that the audit data analytics are referenced as examples only. They are not endorsed by or affiliated with

**** The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusio

CLICK HERE TO NAVIGATE BACK TO THE INTRODUCTION TAB

* Industry
Traditional Audit Procedures

Risk Assessment Procedures

1 Obtain an understanding of the entity. General

Obtaining an understanding of internal control over financial

2 General
reporting.

Considering information from the client acceptance and retention

evaluation, audit planning activities, past audits, and other
3 General
engagements performed for the entity.

4 Performing analytical procedures. General

a. Obtain the entity's financial statements for the prior 3–5 years in
order to review trends and any inconsistencies. Obtain the financial
statements of the respective peer companies over the last 3–5 years General
and compare.
a. Obtain the entity's financial statements for the prior 3–5 years in
order to review trends and any inconsistencies. Obtain the financial
statements of the respective peer companies over the last 3–5 years General
and compare.

b. For each account, calculate the mean, median, mode, and

standard deviation in order to determine where current accounts fall. General
Review the trends.

Conducting a discussion among engagement team members

5 General
regarding the risks of material misstatement.

Inquiring of management and others

6 General
within the company about the risks of material misstatement.

Journal Entry Procedures

Obtain understanding of the period-end financial reporting process,

1 General
including types and sources of journal entries.
Obtain understanding of the period-end financial reporting process,
1 General
including types and sources of journal entries.

Obtain and review a listing of journal entries made during the period
2 and perform audit procedures to determine the completeness of the General
population.

3 Identify population of journal entries to be selected for testing. General

a. Examine population for missing or incomplete journal entries.

General

b. Examine possible duplicate account entries. General

c. Examine round-dollar entries. General

d. Examine post-date entries. General

e. Examine entries posted on weekends. General

For all journal entry selections made, perform the following

4 procedures:

a. Obtain and review supporting documentation for each journal General

entry selected.
a. Obtain and review supporting documentation for each journal General
entry selected.

b. Review each entry for proper authorization. General

c. Observe proper segregation of duties. General

General Audit Procedures

Cash:

Obtain a complete list of bank accounts (debit and credit balances)

as well as related loan and similar contracts. Obtain and send bank
confirmations for all accounts, including accounts closed during the
1 year, requesting information about account balances, contingencies, General
liens, pledges, restrictions on the client’s assets, guaranteed
amounts, and so on. If there is a valid reason for not confirming all
accounts, document the rationale in the working papers.
Obtain a complete list of bank accounts (debit and credit balances)
as well as related loan and similar contracts. Obtain and send bank
confirmations for all accounts, including accounts closed during the
1 year, requesting information about account balances, contingencies, General
liens, pledges, restrictions on the client’s assets, guaranteed
amounts, and so on. If there is a valid reason for not confirming all
accounts, document the rationale in the working papers.

Examine bank reconciliations as of year-end, including cash-in-transit

accounts, to verify the proper reconciliation of bank statements and
general ledger accounts. When appropriate (for example, to
2 General
determine whether receipts or disbursements are recorded on a
timely basis or to verify the appropriateness of reconciling items),
obtain cut-off bank statements.

Test cutoff of cash receipts and cash disbursements for transfers

3 General
between different bank accounts at the balance sheet date.

Test appropriate valuation of cash and cash equivalents (including

4 General
overdrafts) in foreign currencies.

Marketable Securities:

Verify the existence and ownership of recorded securities through

1 confirmation or examination of evidence of ownership (for example, General
stock certificates, bank statements, broker statements).
Review confirmation replies for evidence of the existence of
2 marketable securities and of liens, pledges, or other security General
interests in marketable securities.

Inspect market quotations or other evidence of current value of

3 General
marketable securities, including those in foreign currencies.

Test that marketable securities are carried in accordance with the

4 client's accounting policies or applicable financial reporting General
framework.

Accounts Receivable:

Agree receivables sub-ledger to the general ledger control account

1 General
and investigate large and unusual reconciling items.

Confirm accounts receivable.

Determine the size of the sample and document the rationale for the
method used to select the sample in the working papers. Examine
2 subsequent cash receipts, shipping records, sales contracts, and General
other evidence to verify the validity of accounts receivable for which
replies to confirmation requests are unsatisfactory or were not
obtained, or as part of supporting year-end receivables balances.
If accounts are verified at an interim date, review the “roll-forward”
of activity from the interim date to the balance sheet date in a
manner responsive to our risk assessment and compare level of
3 activity for the current period with prior periods. Investigate unusual General
items; consider confirming (at the balance sheet date) significant
new accounts and those accounts with significant increases or
decreases between the interim date and the balance sheet date.

Perform analytical procedures to identify peaks in sales volume in

5 Evaluate the adequacy of the allowance for doubtful accounts. General

Evaluate the adequacy of other adjustments to accounts receivables,

6 General
such as rebates, credit memos, and discounts.
Test appropriate valuation of accounts receivables in foreign
7 General
currencies.

Inquire about or review list of credit balances and investigate large

8 General
items.

9 Test cutoff of receivables and sales. General

Inventory:

1 Observe the taking of physical inventory to establish the following: General

a. The client’s personnel are complying with the instructions for General
taking inventory.

b. Items belonging to the client, or belonging to others but for General

which the client is responsible, are accurately counted and recorded.

c. Items to be excluded from inventory (no-value items, non-

inventory items, items belonging to others) are either subject to
satisfactory control and excluded from the counting process or are General
accurately counted and recorded, including a clear description of
their non-inventory status.

d. Count tags, sheets, or cards are properly controlled. General

e. Perform tests of the client’s counts (from the floor to the
recorded counts and from recorded counts to the floor); record
sufficient information to be able to trace the test counts into the General
inventory compilation at a later date; record selected information
concerning the tags, sheets, or cards that are used, partially used,
unused, and voided.

f. Inspect shipping, receiving, and transfer documents and the

related inventory items, when appropriate, to establish the numbers General
of the last documents used and other information needed to
subsequently verify cutoffs in the accounting records.

2 Review the physical inventory compilation:

a. Trace test counts, confirmations, and, if necessary, records of the

count prepared by the client (for example, count tags, sheets, or
cards) to the inventory compilation. Determine that the unit of General
measure used in the physical inventory compilation is consistent with
the unit of measure used during the physical count.

b. Trace items on the final inventory listing to the physical inventory

tags. Determine that the unit of measure used in the physical General
inventory compilation is consistent with the unit of measures used
during the physical count.

c. Verify that the information gathered during the physical

observation regarding the tags, sheets, or cards that were used, General
partially used, unused, and voided is accurately reflected in the
inventory compilation.

If significant, confirm inventories held by others at the physical

3 inventory date and trace confirmed quantities to the inventory General
compilation; consider observing these physical inventories as well.
If significant, confirm inventories held by others at the physical
3 inventory date and trace confirmed quantities to the inventory General
compilation; consider observing these physical inventories as well.

Review and compare the reconciliation of the valued physical

inventory compilation with the general ledger account balances and
4 General
the perpetual inventory records. Investigate large and unusual
reconciling items.

If inventories are taken at an interim date, review the "roll-forward"

5 documentation in a manner responsive to the combined risk General
assessment and investigate unusual items.

Trace the cut-off information obtained during the physical

6 General
observation to the accounting records of sales and purchases.

Test the valuation of inventory to ensure that it is performed in

7 accordance with the client’s accounting policy or applicable financial General
reporting framework.

Test the allowances to reduce the valuation of inventory to net

8 realizable value, for example, reserves for slow moving items, General
obsolescence, or lower of cost or market.

Prepaid expenses, Deferred Charges, and Other Assets:

Verify existence and carrying amounts through examination of

1 supporting documents or confirmation or a combination of those General
procedures.
Verify existence and carrying amounts through examination of
1 supporting documents or confirmation or a combination of those General
procedures.

2 Roll forward of prepaids. General

Investments, Including Investments in Affiliates:

Verify the existence and ownership of recorded investments,

1 including those in affiliates, through confirmation or examination of General
evidence of ownership. Investigate unusual items.

Review minutes (shareholders, board, executive committee, and so

on), agreements, and confirmation replies for evidence of existence,
2 General
liens, pledges, or other security interests in investments, and of
commitments to acquire or dispose of investments.

Inspect market quotations, financial statements of investees, and

Impairment Testing:

Use information obtained during the audit in determining whether

1 management has identified appropriate indicators of impairment General
and determine that the valuation adjustments are appropriate.

Intercompany:

Review the general ledger at year-end to ensure that intercompany

1 General
accounts net properly.

Obtain a complete list of affiliated companies and obtain

2 confirmation of receivables from and payables to affiliates, or agree General
the account balances with those in the affiliates' records.

Test the carrying amounts of intercompany accounts, including those

3 General
in foreign currencies.

Test cutoff by inspecting sales register, billings, shipping documents,

4 General
and other supporting documents before and after the year-end date.

Evaluate the adequacy of the allowance for doubtful intercompany

5 receivables, considering the aging and findings from audit General
procedures performed in the area of investments.
Long-Term Receivables, Non-Current Deposits, and Other Long-Term Financial Assets:

Verify the existence and ownership of long-term receivables through

1 General
confirmation or examination of supporting documentation.

2 Test the carrying amounts of long-term financial assets. General

Property, Plant, and Equipment and Related Income Statement Accounts:

Obtain a schedule of property, plant, and equipment, including

capitalized leases, and related additions, disposals, reclassifications,
1 General
and depreciation, depletion, or amortization (PPE sub-ledger) and
agree balances to the respective general ledger accounts.

For significant additions and disposals during the year, examine

2 invoices, capital expenditure authorizations, leases, and other data General
that support these additions and disposals.

Review and examine support for rentals under operating leases and
for significant charges to repairs, maintenance, and other expense
3 General
accounts to determine if they should be capitalized as property,
plant, and equipment.
Review and examine support for rentals under operating leases and
for significant charges to repairs, maintenance, and other expense
3 General
accounts to determine if they should be capitalized as property,
plant, and equipment.

Review reasonableness of depreciation, depletion, and amortization

4 charges by reference to the client's accounting policy and applicable General
financial reporting framework and expectation for current year.

Use information obtained during the audit in determining whether

5 General
management has identified appropriate indicators of impairment.

Intangibles, Including Goodwill:

Obtain a schedule of intangibles, including goodwill, and examine the

bases on which additions, amortization, and disposals are recorded.
1 Examine invoices, authorizations, contracts, agreements, and other General
data that support ownership of intangibles or deferred charges
capitalized and disposed of during the year.

Determine whether write-offs are required to reflect permanent

2 impairments of the carrying amounts of intangible assets or deferred General
charges.
Notes Payable:

Confirm notes payable regarding amounts owed, terms, collateral,

and restrictions and the debtor's compliance with the loan
provisions. If not identified through confirmation with creditors,
1 General
identify liens, security interests, and assets pledged as loan collateral
by confirmation with the appropriate public filing offices or by
inspection of public records.

Inspect documentation of loan agreements or other short-term

lending arrangements (for example, factoring) to determine the
2 General
terms, restrictions, revolving lines of credit, and other pertinent
provisions of notes payable.

Test calculations and other evidence relating to compliance with the

3 General
terms, restrictions, or other provisions of loan agreements.

Review refinancing agreements and notes payable transactions

4 subsequent to the balance sheet date to determine their effects on General
balance sheet classification or on disclosure.

Determine the exchange rate at the balance sheet date and

5 General
recalculate using that rate.

Accounts Payable:
Agree the accounts payable sub-ledger to the general ledger control
1 General
account and investigate large and unusual reconciling items.

Inquire about or perform a review of accounts payable sub-ledger for

unusual items, for example, significant debit balances in the accounts
2 General
payable sub-ledger or other unexpected amounts to verify proper
classification and valuation.

Perform cut-off tests for goods and services received as well as for
3 supplier credit memos to ensure that transactions are completely General
recorded in the correct period.

Perform a search for unrecorded liabilities at the year-end date by

4 selecting subsequent disbursements and unmatched invoices and General
receiving reports.

5 Test appropriate valuation of accounts payable in foreign currencies. General

Income Taxes:

Test the reconciliation of the current-year book/local GAAP/statutory

and taxable income, validate the split between permanent and
1 General
timing differences, and compare reconciling items with those in prior
years and examine support.

Test computations of provisions for current and deferred income

2 taxes for the current year and reconcile to appropriate balance sheet General
and income statement accounts.
3 Investigate potential impairments of deferred tax assets. General

Review the movement of income tax account balances from prior

4 year (including those currently payable or deferred) and valuation General
allowances for deferred tax assets.

Determine whether provision should be made for any tax positions

taken by the client or other tax contingencies, for example, as a
5 General
result of related party transactions, that may be challenged by tax
authorities.

Test that intercompany and other related party transactions have a

6 valid business reason and are recorded on an arm's length basis. If in General
doubt, consider the involvement of appropriate specialists.

Provisions, Accrued and Other Liabilities, Deferred Income:

Examine the schedule of provisions, accrued liabilities, and deferred

1 income for correctness and completeness, agree amounts to the General
general ledger accounts and ensure proper cutoff.

Examine the composition and computation of pension and other

2 employee-related long-term reserves for reasonableness and General
consider the use of specialists.

Review other liabilities to determine they are appropriate. Determine

that the amounts appear to be reasonable in comparison with prior
3 General
years and under consideration of your understanding of the clients
business and changes to it.
Read legal confirms, board, and audit committee minutes to ensure
4 General
that appropriate reserves and accruals have been recorded.

Debt:

Obtain and review a summary of long-term debt and interest for

reasonableness of calculations of interest expense and accrued
interest, including foreign currency translations, and agree schedules
1 to general ledger. Test compliance with the terms, maturities, General
restrictive covenants, or other provisions of debt agreements. In the
case of noncompliance, review any waivers obtained and ascertain
that debt is properly classified.

For new agreements in the year under audit, inspect original or

authenticated copies of debt agreements or other related
2 General
documents to test the terms, restrictive covenants, and other
pertinent provisions of long-term debt.

Read confirmations received from banks or other debt holders to

identify liens, security interests, and assets pledged as collateral for
3 debt or, if necessary, confirm these items with the appropriate public General
filing offices or by inspection of the public records. Determine
whether the financial statements include the required disclosures.
For long-term debt, confirm amounts owed and in sinking funds,
4 terms, collateral, restrictions, and the client's compliance with the General
provisions of the agreements.

Determine whether the effects of refinancing agreements and long-

6 term debt transactions subsequent to the balance sheet date are General
appropriately reflected (for example, classification or disclosure)

Equity:

Obtain an equity reconciliation schedule, including retained earnings

Agree the balances per the financial statements to the account

balances per the general ledger. Determine whether changes in
equity, (for example, profit distributions, other equity reductions, or
1 General
increases) from the prior year-end to the current-year end are
properly accounted for. Determine compliance with applicable laws
and regulations, including taxation issues.

Review the minutes and other supporting documents for the

authorization for and the details of the transactions that affected the
2 General
equity accounts and disclosures during the period, including equity
restrictions.

Read board or authorized committee minutes and inquire of

management regarding any stock option agreements. Determine
3 whether options have been appropriately accounted for and General
disclosed.
Read board or authorized committee minutes to determine whether
4 all dividend payments are appropriately approved and declared and General
that tax regulations have been followed.
ned to provide illustrative information with respect to the subject matter covered. It does not establish standards or preferred practices. Th
CPA board of directors and does not represent an official opinion or position of the AICPA. It is provided with the understanding that the st
gal advice or other expert assistance is required, the services of a competent professional person should be sought. The staff and publisher
or application of the material contained herein and expressly disclaim all liability for any damages arising out of the use of, reference to, or
d as examples only. They are not endorsed by or affiliated with the AICPA. Also note that the auditing standard linked to each
ocedure" is not limited to the standard noted, and additional standards may need to be considered in order to comply with requirements.

ystem-generated reports and data, you will need to establish a basis for what ITGCs will be reviewed and how they will be tested.
e data provided by the entity in order to rely upon it for audit procedures. This goes beyond the scope of this current document.

ncluded to offer additional guidance. The "Traditional Audit Procedure" is not limited to the standard noted.

t endorsed by or affiliated with the AICPA.

rs may reach different conclusions about the relevant assertions tested based upon the procedures performed.

****
Audit Assertion or Type of Procedure Phase of Audit
Objective of the Procedure
Risk Assessment Risk Assessment Planning

Risk Assessment Risk Assessment Planning

Planning and
Risk Assessment Risk Assessment Year-End Procedures

Risk Assessment Risk Assessment Planning

Risk Assessment & Planning

Multiple Assertions
Risk Assessment & Planning
Multiple Assertions

Completeness, Accuracy,
Existence, Valuation Substantive Interim & Year-End
& Occurrence

Completeness & Accuracy Substantive Interim & Year-End

Completeness Substantive Interim & Year-End

Completeness & Accuracy Substantive Interim & Year-End

Completeness, Accuracy Substantive Interim & Year-End

Existence
Completeness, Accuracy Substantive Interim & Year-End
Existence

Completeness, Accuracy Substantive Interim & Year-End

Existence

Completeness & Accuracy Substantive Interim & Year-End

Existence
Completeness
Accuracy Substantive Interim & Year-End
Valuation
Rights & Obligations
Presentation & Disclosure
Existence
Completeness
Accuracy Substantive Interim & Year-End
Valuation
Rights & Obligations
Presentation & Disclosure

Existence
Completeness
Accuracy Substantive Year-End
Valuation
Presentation & Disclosure

Completeness Substantive Interim & Year-End

Accuracy

Valuation Substantive Interim & Year-End

Existence
Completeness Substantive Interim & Year-End
Valuation
Rights & Obligations
Existence
Completeness Substantive Interim & Year-End
Valuation
Rights & Obligations

Valuation Substantive Interim & Year-End

Completeness & Accuracy Substantive Interim & Year-End

Existence
Completeness & Accuracy Substantive Interim & Year-End
Rights & Obligations
Presentation and Disclosure
Existence
Completeness & Accuracy Roll forward Year-End
Valuation

Completeness & Accuracy Substantive Interim & Year-End

Valuation

Completeness & Accuracy

Rights & Obligations
Presentation & Disclosure Substantive Interim & Year-End
Valuation
Valuation Substantive Interim & Year-End

Completeness & Accuracy Substantive Interim & Year-End

Presentation & Disclosure

Completeness & Accuracy Substantive Interim & Year-End

Existence
Rights & Obligations Substantive Interim & Year-End
Completeness

Existence
Rights & Obligations Substantive Interim & Year-End
Completeness
Existence
Rights & Obligations Substantive Interim & Year-End
Completeness

Existence
Rights & Obligations Substantive Interim & Year-End
Completeness

Existence
Rights & Obligations Substantive Interim & Year-End
Completeness
Existence
Rights & Obligations Substantive Interim & Year-End
Completeness

Rights & Obligations Substantive Interim & Year-End

Completeness

Existence
Rights & Obligations Roll forward Year-End
Completeness

Rights & Obligations Substantive Interim & Year-End

Completeness

Existence
Rights & Obligations Substantive Interim & Year-End
Completeness

Completeness & Accuracy

Rights & Obligations Substantive Interim & Year-End
Existence
Valuation
Completeness & Accuracy
Rights & Obligations Substantive Interim & Year-End
Existence
Valuation

Completeness & Accuracy Substantive Year-End

Presentation & Disclosure

Existence Substantive Interim & Year-End

Rights & Obligations

Existence Substantive Interim & Year-End

Rights & Obligations

Valuation Substantive Interim & Year-End

Completeness & Accuracy Substantive Interim & Year-End

Existence
Completeness & Accuracy Substantive Interim & Year-End
Valuation

Valuation Substantive Interim & Year-End

Completeness & Accuracy Substantive Year-End

Completeness & Accuracy Substantive Interim & Year-End

Valuation
Existence Substantive Interim & Year-End
Rights & Obligations

Valuation Substantive Interim & Year-End

Completeness & Accuracy Substantive Interim & Year-End

Completeness & Accuracy

Existence Substantive Interim & Year-End
Rights & Obligations
Valuation

Completeness & Accuracy Substantive Interim & Year-End

Valuation
Completeness & Accuracy Substantive Interim & Year-End
Valuation

Completeness & Accuracy Substantive Interim & Year-End

Valuation

Completeness & Accuracy Substantive Interim & Year-End

Valuation

Completeness & Accuracy

Existence Substantive Interim & Year-End
Valuation

Completeness & Accuracy Substantive Interim & Year-End

Valuation
Completeness & Accuracy
Existence Substantive Interim & Year-End
Valuation

Completeness & Existence Substantive Interim & Year-End

Rights & Obligations

Completeness & Accuracy Substantive Interim & Year-End

Presentation & Disclosure

Completeness & Accuracy Substantive Interim & Year-End

Presentation & Disclosure

Valuation Substantive Interim & Year-End

Completeness & Accuracy Substantive Interim & Year-End

Presentation & Disclosure

Completeness & Accuracy Substantive Interim & Year-End

Completeness & Accuracy

Rights & Obligations Substantive Year-End
Valuation

Valuation Substantive Interim & Year-End

Completeness & Accuracy Substantive Interim & Year-End

Existence Substantive Interim & Year-End

Completeness & Accuracy Substantive Interim & Year-End

Presentation & Disclosure Substantive Interim & Year-End

Completeness & Accuracy Substantive Interim & Year-End

Existence Substantive Interim & Year-End

Completeness & Accuracy Substantive Interim & Year-End
t establish standards or preferred practices. The material was prepared by
is provided with the understanding that the staff
rson should be sought. The staff and publisher make no
mages arising out of the use of, reference to, or reliance
auditing standard linked to each
dered in order to comply with requirements.

viewed and how they will be tested.

he scope of this current document.

standard noted.

edures performed.

** **
AICPA Statements on PCAOB Standards
Auditing Standards
AS 2101Audit Planning

Par. .12 of AU-C sec. 315,Understanding the Entity and Its Environmentand Assessing the Risks of MaterialMisstatement

AS 2110Identifying and Assessing Risks of Material Misstatement

AS 2101Audit Planning

Par. .13 of AU-C sec. 315, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement

AS 2110Identifying and Assessing Risks of Material Misstatement

Par. .08d AU-C sec. 300, Planning an Audit AS 2101Audit Planning

Par. .A27 of AU-C sec. 240,Consideration of AS

Fraud
2401Consideration
in a Financial Statement
of Fraud Audit
in a Financial Statement Audit

Par. .07 of AU-C sec. 315, Understanding theASEntity

2110Identifying
and Its Environment
and Assessing
and Assessing
Risks of Material
the RisksMisstatement
of Material Misstatement

Par. .06b AU-C sec. 315,Understanding the AS

Entity
2110Identifying
and Its Environmentand
and Assessing
Assessing
Risks ofthe
Material
Risks of
Misstatement
MaterialMisstatement

Par. .06 of AU-C sec. 315,Understanding the Entity and

ASIts
2101Audit
Environmentand
PlanningAssessing the Risks of MaterialMisstatement
Par. .A2 of AU-C sec. 520,Analytical Procedures
AS 2110Identifying and Assessing Risks of Material Misstatement

AS 2101Audit Planning

The cell was intentionally left blank

AS 2110Identifying and Assessing Risks of Material Misstatement

Par. .15 of AU-C sec. 315,Understanding the Entity and Its Environmentand Assessing the Risks of MaterialMisstatement

AS 2401Consideration of Fraud in a Financial Statement Audit

AS 2110Identifying and Assessing Risks of Material Misstatement

Par. .06a of AU-C sec. 315,Understanding the Entity and Its Environmentand Assessing the Risks of MaterialMisstatement

AS 2401Consideration of Fraud in a Financial Statement Audit

Par. .19f of AU-C sec. 315,Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement (Con

Par. .21 of AU-C sec. 330, Performing Audit Procedures in Responseto Assessed Risks and Evaluating the AuditEvidence Obtained

Par. .A47 of AU-C sec. 240, Consideration ofASFraud

2110Identifying and
in a Financial AssessingAudit
Statement Risks(Journal
of Material Misstatement
entries at period end)
AS 2110Identifying and Assessing Risks of Material Misstatement

Only relevant to integrated audits: Par. .24–.25 of AU-C sec. 940, An Audit of Internal Control Over Financial Reporting That Is In

Par. .21 of AU-C sec. 330, Performing Audit AS

Procedures
2401Consideration
in Response
ofto
Fraud
Assessed
in a Financial
Risks andStatement
EvaluatingAudit
the Audit Evidence Obtain

Appendixes B and C in AU-C sec. 240,Consideration of Fraud in a Financial Statement Audit

AS 2401Consideration of Fraud in a Financial Statement Audit

Scanning: Par. .A22 in AU-C sec. 500, Audit Evidence

Par. .A14 of AU-C sec. 500, Audit Evidence

Appendixes B and C in AU-C sec. 240,Consideration of Fraud in a Financial Statement Audit

AS 2401Consideration of Fraud in a Financial Statement Audit

Scanning: Par. .A22 in AU-C sec. 500, Audit Evidence

Par. .A14 of AU-C sec. 500, Audit Evidence

Appendixes B and C in AU-C sec. 240,Consideration of Fraud in a Financial Statement Audit

AS 2401Consideration of Fraud in a Financial Statement Audit

AS 2401Consideration of Fraud in a Financial Statement Audit
Scanning: Par. .A22 in AU-C sec. 500, Audit Evidence

Par. .A14 of AU-C sec. 500, Audit Evidence

Appendixes B and C in AU-C sec. 240,Consideration of Fraud in a Financial Statement Audit

AS 2401Consideration of Fraud in a Financial Statement Audit

Scanning: Par. .A22 in AU-C sec. 500, Audit Evidence

Par. .A14 of AU-C sec. 500, Audit Evidence

Appendixes B and C in AU-C sec. 240,Consideration of Fraud in a Financial Statement Audit

AS 2401Consideration of Fraud in a Financial Statement Audit

Scanning: Par. .A22 in AU-C sec. 500, Audit Evidence

Par. .A14 of AU-C sec. 500, Audit Evidence

Appendixes B and C in AU-C sec. 240,Consideration of Fraud in a Financial Statement Audit

AS 2401Consideration of Fraud in a Financial Statement Audit

Scanning: Par. .A22 in AU-C sec. 500, Audit Evidence

Par. .A14 of AU-C sec. 500, Audit Evidence

Appendixes B and C in AU-C sec. 240,Consideration of Fraud in a Financial Statement Audit

AS 2401Consideration of Fraud in a Financial Statement Audit

AS 2401Consideration of Fraud in a Financial Statement Audit
Scanning: Par. .A22 in AU-C sec. 500, Audit Evidence

Par. .A14 of AU-C sec. 500, Audit Evidence

This cell was intentionally left blank AS 2401Consideration of Fraud in a Financial Statement Audit

Par. .A17 of AU-C sec. 500, Audit Evidence AS 2401Consideration of Fraud in a Financial Statement Audit

AU-C section 505,External Confirmations

AS 2310The Confirmation Process

Par. .19 and .A51 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risk and Evaluating the AuditEvidenc

Par. .21 AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained

This cell was intentionally left blank

Par. A7 and .A22 in AU-C sec. 500, Audit Evidence

AU-C section 330, Performing Audit Procedures

This
in Response
cell was intentionally
to Assessed left
Risksblank
and Evaluating the Audit Evidence Obtained

AU-C sec. 330, Performing Audit Procedures inThis

Response
cell was
tointentionally
Assessed Risks
leftand
blank
Evaluating the Audit Evidence Obtained

AU-C sec. 505,External Confirmations

AS 2503Auditing Derivative Instruments, Hedging Activities, and Investments in Sec

Par. .19 and .A51 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Eviden
AU-C sec. 505,External Confirmations AS 2503Auditing Derivative Instruments, Hedging Activities, and Investments in Sec

Par. .A13 of AU-C sec. 501, Audit Evidence—Specific

AS 2503Auditing
Considerations
Derivative
for Instruments,
Selected Items
Hedging Activities, and Investments in Sec

Par. .02a Preface: Principles Underlying

an Audit Conducted in Accordance AS 2503Auditing Derivative Instruments, Hedging Activities, and Investments in Sec
With Generally Accepted Auditing
Standards

Par. .20 and .A51 AU-C sec. 330, Performing Audit

ThisProcedures
cell was intentionally
in Responseleft
toblank
Assessed Risks and Evaluating the Audit Evidence

Par. .A24–.A27 of AU-C sec. 505,External Confirmations

Par. .20 and .A51 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Eviden
AS 2310The Confirmation Process

Par. .07 of AU-C sec. 530,Audit Sampling

Par. .12, .23, .A51, and .A60 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidenc

AS 2301 The Auditor's Responses to the Risks of Material Misstatement

Par. .A24 of AU-C sec. 505,External Confirmations

AU-C section 520,Analytical Procedures

AS 2305Substantive Analytical Procedures

Par. .A58 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obta

Par. .A6 of AU-C sec. 540,Auditing AccountingAS

Estimates,Including
2501Auditing Accounting
Fair Value
Estimates
Accounting Estimates, and Related Disclosures

Par. .A6 of AU-C sec. 540,Auditing AccountingAS

Estimates,Including
2501Auditing Accounting
Fair Value
Estimates
Accounting Estimates, and Related Disclosures
AU-C section 330, Performing Audit Procedures
This
in Response
cell was intentionally
to Assessed left
Risksblank
and Evaluating the Audit Evidence Obtained

AU-C section 330, Performing Audit Procedures

This
in Response
cell was intentionally
to Assessed left
Risksblank
and Evaluating the Audit Evidence Obtained

This cell was intentionally left blank This cell was intentionally left blank

Par. .11a of AU-C sec. 501,Audit Evidence—SpecificASConsiderations

2510Auditing for
Inventories
Selected Items

Par. .11a of AU-C sec. 501,Audit Evidence—SpecificASConsiderations

2510Auditing for
Inventories
Selected Items

Par. .15 of AU-C sec. 501,Audit Evidence— SpecificAS

Considerations
2510Auditingfor
Inventories
Selected Items

Par. .15 of AU-C sec. 501,Audit Evidence—Specific AS

Considerations
2510Auditingfor
Inventories
Selected Items

Par. .11a of AU-C sec. 501,Audit Evidence—SpecificASConsiderations

2510Auditing for
Inventories
Selected Items
Par. .A26 of AU-C sec. 501,Audit Evidence—SpecificASConsiderations
2510Auditing Inventories
for Selected Items

Par. .A23 of AU-C sec. 501,Audit Evidence—SpecificASConsiderations

2510Auditing Inventories
for Selected Items

Par. .A26 of AU-C sec. 501,Audit Evidence—SpecificASConsiderations

2510Auditing Inventories
for Selected Items

Par. .11–.15 of AU-C sec. 501,Audit Evidence—Specific

AS 2510Auditing
Considerations
Inventories
for Selected Items

Par. .11–.15 of AU-C sec. 501,Audit Evidence—Specific

AS 2510Auditing
Considerations
Inventories
for Selected Items

Par. .15 of AU-C sec. 501,Audit Evidence—Specific Considerations for Selected Items

AS 2510Auditing Inventories
AS 2510Auditing Inventories

Par. .19 and .A51 of AU-C sec. 330,Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Eviden

This cell was intentionally left blank AS 2510Auditing Inventories

AS 2510Auditing Inventories

Par. .12, .23, and .A60 of AU-C sec. 501,Audit Evidence—Specific Considerations for Selected Items
AS 2301The Auditor's Responses to the Risks of Material Misstatement

4th bullet par. .A23 of AU-C sec. 501,Audit Evidence—Specific

AS 2510Auditing
Considerations
Inventoriesfor Selected Items

Par. .A20 of AU-C sec. 500,Audit Evidence AU Section 331Inventories

This cell was intentionally left blank AU Section 331Inventories

Par. .19 and .A51 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Eviden

This cell was intentionally left blank

AU-C section 505,External Confirmation
This cell was intentionally left blank

Par. .20 of AU-C sec. 500,Audit Evidence

Par. .12, .23, and .A60 of AU-C sec. 330, Performing

This cell
Audit
wasProcedures
intentionally
in Response
left blankto Assessed Risks and Evaluating the Audit E

Par. .19 and .A51 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Eviden

This cell was intentionally left blank

AU-C section 501, Audit Evidence—Specific Considerations for Selected Items

AU-C section 505,External Confirmation

AU-C section 505,External Confirmations AS 2310The Confirmation Process

AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained

This cell was intentionally left blank

Par. .A13, .A14, .04, and .05 of AU-C sec. 501, Audit Evidence—Specific Considerations for Selected Items

Par. .09 and .A17–.A18 of AU-C sec. 501, AuditThis

Evidence—Specific
cell was intentionally
Considerations
left blankfor Selected Items

4th bullet of par. .A69 of AU-C sec. 600, SpecialThis

Considerations—Audits
cell was intentionallyofleft
Group
blank
Financial Statements

AU-C section 505,External Confirmations

AS 2310The Confirmation Process

Pars. .13–.15 of AU-C sec. 550, Related Parties

AU-C section 600, Special Considerations—Audits

Thisof
cell
Group
was intentionally
Financial Statements
left blank

AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained

This cell was intentionally left blank

Par. .A14–.A15 of AU-C sec. 500, Audit Evidence

AU-C section 330, Performing Audit Procedures

This
in Response
cell was intentionally
to Assessed left
Risksblank
and Evaluating the Audit Evidence Obtained
AU-C section 505,External Confirmations

Par. .A14–.A15 of AU-C sec. 500, Audit Evidence

AS 2310The Confirmation Process

Par. .19–.20 and .A51 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Ev

AU-C section 330, Performing Audit Procedures

This
in Responseto
cell was intentionally
Assessed Risks
left blank
and Evaluating the AuditEvidence Obtained

Par. .21 of AU-C sec. 330, Performing Audit Procedures

This cell was
in Response
intentionally
to Assessed
left blank
Risks and Evaluating the Audit Evidence Obtain

AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained

This cell was intentionally left blank

Par. .A14–.A15 of AU-C sec. 500, Audit Evidence

AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained

This cell was intentionally left blank

Par. .A14–.A15 of AU-C sec. 500, Audit Evidence

AU-C section 330, Performing Audit Procedures

This
in Response
cell was intentionally
to Assessed left
Risksblank
and Evaluating the Audit Evidence Obtained

AU-C section 330, Performing Audit Procedures

This
in Response
cell was intentionally
to Assessed left
Risksblank
and Evaluating the Audit Evidence Obtained

AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained

This cell was intentionally left blank

Par. .A14–.A15 of AU-C sec. 500, Audit Evidence

AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained

This cell was intentionally left blank

Par. .A7 of AU-C sec. 540, Auditing Accounting Estimates Including Fair Value Accounting Estimates, and Related Disclosures
Par. .19 and .A51 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Eviden

This cell was intentionally left blank

AU-C section 505, External Confirmations

AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained

This cell was intentionally left blank

Par. .A14–.A15 of AU-C sec. 500, Audit Evidence

AU-C section 330, Performing Audit Procedures

This cell
in Response
was intentionally
to Assessed
leftRisks
blankand Evaluating the Audit Evidence Obtained

AU-C section 330, Performing Audit Procedures

This cell
in Response
was intentionally
to Assessed
leftRisks
blankand Evaluating the Audit Evidence Obtained

AU-C section 330, Performing Audit Procedures

This cell
in Response
was intentionally
to Assessed
leftRisks
blankand Evaluating the Audit Evidence Obtained
AU-C section 330, Performing Audit Procedures
This
in Response
cell was intentionally
to Assessed left
Risksblank
and Evaluating the Audit Evidence Obtained

AU-C section 330, Performing Audit Procedures

This
in Response
cell was intentionally
to Assessed left
Risksblank
and Evaluating the Audit Evidence Obtained

AU-C section 330, Performing Audit Procedures

This
in Response
cell was intentionally
to Assessed left
Risksblank
and Evaluating the Audit Evidence Obtained

This cell was

AU-C section 330, Performing Audit Procedures in Responseto intentionally
Assessed left
Risks and blank the AuditEvidence Obtained
Evaluating

AU-C section 330, Performing Audit Procedures

This
in Response
cell was intentionally
to Assessed left
Risksblank
and Evaluating the Audit Evidence Obtained

AU-C section 540,Auditing Accounting Estimates,Including

AS 2501Auditing
FairAccounting
Value Accounting
Estimates
Estimates, and Related Disclosures

AU-C section 540,Auditing Accounting Estimates,Including

AS 2501Auditing
FairAccounting
Value Accounting
Estimates
Estimates, and Related Disclosures
AU-C section 540,Auditing Accounting Estimates,Including
AS 2501Auditing
FairAccounting
Value Accounting
Estimates
Estimates, and Related Disclosures

AU-C section 540,Auditing Accounting Estimates,Including

AS 2501Auditing
FairAccounting
Value Accounting
Estimates
Estimates, and Related Disclosures

AU-C section 540,Auditing Accounting Estimates,Including

AS 2501Auditing
FairAccounting
Value Accounting
Estimates
Estimates, and Related Disclosures

AU-C section 540,Auditing Accounting Estimates,Including

AS 2501Auditing
FairAccounting
Value Accounting
Estimates
Estimates, and Related Disclosures

AU-C section 540,Auditing Accounting Estimates,Including Fair Value Accounting Estimates, and Related Disclosures

AS 2501Auditing Accounting Estimates

Par. .21 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained

AU-C section 330, Performing Audit Procedures

This
in Response
cell was intentionally
to Assessed left
Risksblank
and Evaluating the Audit Evidence Obtained

AU-C section 330, Performing Audit Procedures

This
in Response
cell was intentionally
to Assessed left
Risksblank
and Evaluating the Audit Evidence Obtained
AU-C section 505,External Confirmations AS 2310The Confirmation Process

Par. .21 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtain

This cell was intentionally left blank

Par. .A19 and .A20 of AU-C sec. 500,Audit Evidence

Par. .21 of AU-C sec. 330, Performing Audit Procedures

This cell was
in Response
intentionally
to Assessed
left blank
Risks and Evaluating the Audit Evidence Obtain

AU-C section 505,External Confirmations

AS 2310The Confirmation Process

Par. .19 and .A51 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Eviden
Par. .19 and .A51 of AU-C sec. 330, PerformingThis
Audit
cell
Procedures
was intentionally
in Response
left blank
to Assessed Risks and Evaluating the Audit Eviden

AU-C section 330, Performing Audit Procedures

This
in Response
cell was intentionally
to Assessed left
Risksblank
and Evaluating the Audit Evidence Obtained

Par. .09–.11 of AU-C section 560,Subsequent Events

This cell
andwas
Subsequently
intentionally
Discovered
left blankFacts

Par. .21 of AU-C sec. 330, Performing Audit Procedures

This cell was
in Response
intentionally
to Assessed
left blank
Risks and Evaluating the Audit Evidence Obtain

Par. .A8 of AU-C sec. 330, Performing Audit Procedures

This cell was
in Response
intentionally
to Assessed
left blank
Risks and Evaluating the Audit Evidence Obtain

Par. .A8 of AU-C sec. 330, Performing Audit Procedures

This cell was
in Response
intentionally
to Assessed
left blank
Risks and Evaluating the Audit Evidence Obtain
Par. .A8 of AU-C sec. 330, Performing Audit Procedures
This cell was
in Response
intentionally
to Assessed
left blank
Risks and Evaluating the Audit Evidence Obtain
Significant Accounts Audit Data Standards
This cell was intentionally left blank Audit Data Standard - General LedgerAudit Data Standard - Base Standard

This cell was intentionally left blank Audit Data Standard - General LedgerAudit Data Standard - Base Standard

This cell was intentionally left blank This cell was intentionally left blank

All Audit Data Standards - General LedgerAudit Data Standards - Base Standard

Various This cell was intentionally left blank

Various Audit Data Standard - General LedgerAudit Data Standard - Base Standard

This cell was intentionally left blank This cell was intentionally left blank

Various This cell was intentionally left blank

Various Audit Data Standard - General LedgerAudit Data Standard - Base Standard

Various Audit Data Standard - General LedgerAudit Data Standard - Base Standard
Various Audit Data Standard - General LedgerAudit Data Standard - Base Standard

Various Audit Data Standard - General LedgerAudit Data Standard - Base Standard

Various This cell was intentionally left blank

Cash This cell was intentionally left blank

Cash Audit Data Standard - General LedgerAudit Data Standard - Base Standard

Cash This cell was intentionally left blank

Marketable Securities This cell was intentionally left blank

Accounts Receivable Audit Data Standard - Order to Cash Audit Data Standard - Base Standard

Accounts Receivable Audit Data Standard - Order to Cash Audit Data Standard - Base Standard
Accounts Receivable Audit Data Standard - Order to Cash Audit Data Standard - Base Standard

Accounts Receivable Audit Data Standard - Order to Cash Audit Data Standard - Base Standard

Accounts Receivable Audit Data Standard - Order to Cash Audit Data Standard - Base Standard
Accounts Receivable Audit Data Standard - Order to Cash Audit Data Standard - Base Standard

Accounts Receivable Audit Data Standard - Order to Cash Audit Data Standard - Base Standard

Inventory Audit Data Standard - InventoryAudit Data Standard - Base Standard

Audit Data Standard - Inventory

Inventory
Audit Data Standard - Base Standard

Inventory Audit Data Standard - InventoryAudit Data Standard - Base Standard

Prepaid expenses, deferred This cell was intentionally left blank

charges, and other assets
Prepaid expenses, deferred This cell was intentionally left blank
charges, and other assets

Prepaid expenses, deferred This cell was intentionally left blank

charges, and other assets

Investments, including This cell was intentionally left blank

investments in affiliates

Investments, including This cell was intentionally left blank

investments in affiliates

Investments, including This cell was intentionally left blank

investments in affiliates
Investments, including This cell was intentionally left blank
investments in affiliates

Various This cell was intentionally left blank

This cell was intentionally left blank Audit Data Standard - General LedgerAudit Data Standard - Base Standard

This cell was intentionally left blank This cell was intentionally left blank

This cell was intentionally left blank This cell was intentionally left blank
Long-term receivables, non-current deposits, This cell was intentionally left blank
and other long-term financial assets

Long-term receivables, non-current deposits, This cell was intentionally left blank
and other long-term financial assets

Property, plant, and equipment Audit Data Standard - General LedgerAudit Data Standard - Base StandardAud

Property, plant, and equipment Audit Data Standard - General LedgerAudit Data Standard - Base StandardAud
Property, plant, and equipment Audit Data Standard - General LedgerAudit Data Standard - Base StandardAud

Property, plant, and equipment Audit Data Standard - General LedgerAudit Data Standard - Base StandardAud

Intangibles and Goodwill This cell was intentionally left blank

Notes Payable This cell was intentionally left blank

Notes Payable Audit Data Standard - General LedgerAudit Data Standard - Base Standard

Notes Payable This cell was intentionally left blank

Notes Payable Audit Data Standard - General LedgerAudit Data Standard - Base Standard
Accounts Payable Audit Data Standard - Procure to PayAudit Data Standard - Base Standard

Accounts Payable Audit Data Standard - Procure to PayAudit Data Standard - Base Standard

Income Taxes This cell was intentionally left blank

Provisions, accrued and other liabilities, This cell was intentionally left blank
deferred income

Provisions, accrued and other liabilities, This cell was intentionally left blank
deferred income
Provisions, accrued and other liabilities, This cell was intentionally left blank
deferred income

Debt This cell was intentionally left blank

Equity This cell was intentionally left blank

Equity This cell was intentionally left blank
Ex

Caseware ACL
This cell was intentionally left blank This cell was intentionally left blank

This cell was intentionally left blank This cell was intentionally left blank

Data Analytics for CPAs in MinutesField Statistics / Stratification

ACL resources
/ Summarization
specific to
/ Field
GL andManipulation
O2C analytics
/ @Functions
include: Application
/ DiscoverSh

Journal Entry Controls Audit SolutionGL Comparison by yearCompared

GL Comparison
previous
by yearCompared
totals by GLprevious
to current
totals
yearby
totals
GL tobycurrent
GL yea
Journal Entry Controls Audit SolutionGL Comparison by yearCompared
GL Comparison
previous
by yearCompared
totals by GLprevious
to current
totals
yearby
totals
GL tobycurrent
GL yea

ACL Summarization of journal entries by account

would accomplish this.
Journal Entry Controls Audit SolutionSummarize by year/account
ACL's
and
SUMMARIZE
generate a database
as of v12 now
that will
provides
not only contain the count
Average, Median, Mode, Standard Deviation,
Min, Max, and quartiles

This cell was intentionally left blank This cell was intentionally left blank

Field Statistics / Stratification / Summarization by JE type and source / Field Manipulation / @Functions / Discover / SmartAnal

GL period close cut-off

Field Statistics / Stratification / Summarization by JE type and source / Field Manipulation / @Functions / Discover / SmartAnal

GL period close cut-off

Data Analytics for CPAs in Minutes

Gap detection in JE_Number, Missing day of activity (workdays). Join (reconciliation with trial balance), data range (earliest/late

ACL's General Ledger (GL)Analytics

Data Analytics for CPAs in Minutes

Stratify GL Accounts
Stratify GL Accounts Stratify a particular GL account to look for journal
Stratify GL Accounts to identify JEs outside of normal entries that are outside of the normal range of
ranges. values posted to the account

Stratify Random Sample ACL Inspirations for GL Analysis

Character Field Statistics - # of Blanks / Extraction / SmartAnalyzer test

ACL Essentials Module for Journal EntriesAnalytics

General Ledger/Journal Entry Testing

Duplicate Detection (1) Duplicate JEs: same account, same amountIdentify any duplicate
Duplicate Detection (1) Duplicate JEs: same account, same amountIdentify any duplicate

Data Analytics for CPAs in MinutesSmartAnalyzer test / Direct Extraction

ACL's General Ledger (GL)Analytics

SmartAnalyzer test / Direct Extraction ACL's General Ledger (GL)Analytics

SmartAnalyzer test / Date Field Statistics / Filter / Extraction

Suspicious weekend or holiday JEAnalyze any and all JE created/poste

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If the authorization information is available electronically,(1)

IDEA
Single
can transaction
easily checkJE
100%
overof
approval
the transactions
limitEnsure
by authorization
joining the Author
and

This task can be easy or very complex depending on the size

(1) of
Segregation
the company
of duties:
or the Parked
ERP systems
vs posted
beingEnsure
used. We
segregation
have, forofexam
duti

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SmartAnalyzer test - custom for the GAO (Cdn) This cell was intentionally left blank

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Summarize detail receivables by revenue control SUMMARIZE receivables on related revenue

account and connect (Visual Connect) to the General control account and JOIN with General Ledger.
Ledger. Filter for any differences. Index the differences Filter for differences, and report the largest
by amount in descending order. differences by amount/percentage

Accounts Receivable Analytics can be used for value added tests

How to Series: Joining Databases Join database (matching) on invoicenumber. IDEA offers several sampling methods together

CMA / MUS Sampling can be used to select the sample for confirmati

Sampling Accounts Receivable with IDEA

Compare 2 databases (Interim and Year-End) using
Account as the key field. Create a field to calculate the Perform a variance analysis between Interim and
Year End accounts, highlighting items over a
increase/decrease and extract any large or unusual specified threshold requiring further review.
records.

SmartAnalyzer test Channel Stuffing Analysis

Aging Analysis, Aging detail extraction Accounts Receivable AnalysisSpecifically looking at days billings outst

Direct Extraction (1) Unauthorized adjustmentsIdentify adjustments posted in A/R by u

Recalculate AR values using exchange rates in
effect (as obtained from Bank of Canada or other
Recalculate AR values using exchange rates in effect (as obtained
applicable
fromcentral
Bank ofbank
Canada
on line)
or other
and compare
applicable
tocentral bank on line
recorded values in GL. Identify significant
variances for further investigation.

Isolate credit balances and use a criteria to extract large amountsAccounts

ACL Essentials -Receivable
Debtors with
Audit
credit balances

Compare posting dates vs date entered to identify

Accounts Receivable Audit potential cut-off issues

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This cell was intentionally left blank ACL Essentials - Inventory Listing extract can be used as a starting po

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IDEA for Sample selection Sample selection

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This cell was intentionally left blank ACL Essentials - Journal adjustments to inventory accounts

MUS Sampling / Stratified Random Sampling can be used CMA

to select
/ MUS
inventories
Samplingheld
can by
be others
used tofor
select
confirmation
inventories held by other
MUS Sampling / Stratified Random Sampling can be used CMA
to select
/ MUS
inventories
Samplingheld
can by
be others
used tofor
select
confirmation
inventories held by other

Join Databases / Visual Connect / Field Manipulation / ACL Essentials - Journal adjustments to inventory accounts
Direct Extraction

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Field Manipulation / SmartAnalyzer test ACL Essentials - Stock & Inventory Management

Detail Aging / Field Manipulation / Direct Extraction / SmartAnalyzer

ACL Essentials
testInventory
- Stock & Analysis
Inventory Management

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MUS Sampling can be used to select item to confirm/test CMA / MUS Sampling can be used to select investments for confirma

Key Word Search, Summarization, Direct Extraction Use of Text Analytics Toolkit to identify keywords and word trends ov

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Smart Analyzer - Fixed Assets Fixed Asset Analysis

Summarize and compare intercompany accounts

Extraction on sub-accounts. Manualoperations to ensure they net to zero

Summarize and compare affiliate company

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variances for further analysis.

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Join Sales Orders to Shipping Documents to

Field Statistics and Date Stratification to isolate Billings; review the dates of entry/posting for
transactions/entries after year-end date. each for transactions that "bridge" the year-end
date. Extract these and compare against accruals

Aging Analysis Debtors age analysis

IDEA offers several sampling methods together with the ability
CMA /toMUS
calculate
Sampling
sample
cansizes
be used
based
to on
select
thereceivables
parametersfor
youconfirmati
enter, as

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Extraction / Filter / Summarization Combination of use of Fixed Asset Analysis and Textual Analytics

Stratification Combination of use of Fixed Asset Analysis and Textual Analytics

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SmartAnalyzer Test:
• Recalculate Straight Line Depreciation creates a list of
fixed assets using the straight-line
method of depreciation and recalculates the annual
depreciation expense for the asset. This
routine requires the tags Acquisition Cost, Salvage Value,
Depreciation Rate, and Depreciation Expected depreciation recalculationRecalculate expected depreciatio
Method.
• Recalculate Declining Balance Depreciation creates a
list of fixed assets using the declining
balance method of depreciation and recalculates the
annual depreciation expense for the asset.
This routine requires the tags Asset Value, Depreciation
Rate, and Depreciation Method.

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IDEA offers several sampling methods together with the ability
CMA /toMUS
calculate
Sampling
sample
cansizes
be used
based
to on
select
thenotes
parameters
payable
you
forenter,
confirm
as

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Recalculate financial statement balances using

Recalculate financial statement balances using exchange exchange rates in effect (as obtained from Bank
rates in effect and compare to recorded values in GL. of Canada or other applicable central bank on
Identify and significant variances for further line) and compare to recorded values in GL.
investigation using the Direct Extraction task. Identify significant variances for further
investigation.
Compare AP subledger to the GL and identify
SmartAnalyzer test / Summarization / Join / Criteria significant differences for investigation.

Accounts Payable Audit in IDEAField Statistics, Index, Summarization, Direct

Inspirations
Extraction-tasks
P2P / Smart Analyzer test

Accounts Payable Audit in IDEA This cell was intentionally left blank

Join the two databases (current and subsequent) and select the option
ACL Essentials
Records with
- Three
no primary
way match
match

Recalculate AP values using exchange rates in

effect (as obtained from applicable central bank
Field Manipulation / Direct Extraction Recalculate AP
onvalues
line) and
using
compare
exchange
to recorded
rates in effect
valuesand
in GL.
compare to recorded v
Identify significant variances for further
investigation.

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Compare YoY by joining other liabilities account

Join/Compare Other Liabilities account to prior years data and
against
compare
the previous
amounts.year.
Identify
Identify
andand
Extract
report
significant changes, add
significant changes, additions, and subtractions.
Key Word Search, Summarization, Direct Extraction Use of Text Analytics Toolkit to identify keywords and word trends ov

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***
Example Applications of Audit Data Analytics

Oversight Validis
Oversight offers Oversight Insights on Demand,
a web-based solution enabling line
of business administrators to automatically This cell was intentionally left blank
audit 100% of expenses to detect and eliminate
fraud, errors, misuse, and waste within their
spend programs.

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This cell was intentionally left blank Year over Year/Quarter over Quarter variance for Balance Sheet and Income S

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This cell was intentionally left blank Year over Year download for Balance Sheet and Income Statement – all histori

This cell was intentionally left blank General Ledger report - use statistics application in Active Data

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This cell was intentionally left blank Journal Entry report for year end and subsequent audit data (cut-off testing tim
This cell was intentionally left blank Journal Entry report for year end and subsequent audit data (cut-off testing tim

This cell was intentionally left blank Journal Entry report

This cell was intentionally left blank Journal Entry Report – Active Data gaps in data testing application

This cell was intentionally left blank Journal Entry Report – Active Data duplicate testing application
This cell was intentionally left blank Journal Entry Report – Active Data duplicate testing application

This cell was intentionally left blank Journal Entry Report – Active Data digital analysis application

This cell was intentionally left blank Produce Journal Entry report for period subsequent to audit date

This cell was intentionally left blank Journal Entry Report – posted date analysis

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This cell was intentionally left blank Journal Entry Report – review created user vs. posted user for authorization.

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This cell was intentionally left blank Bank accounts and balances within DataShare View for population of confirma
This cell was intentionally left blank Bank accounts and balances within DataShare View for population of confirma

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This cell was intentionally left blank Bank movement detail. Filter by type for transfers. And Bank detail subsequen

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This cell was intentionally left blank Tie Trial Balances to either the A/R Aging, A/R Ledger or A/R Movements repo

This cell was intentionally left blank From A/R workpaper, obtain A/R open item list. Apply Active Data sampling ap
This cell was intentionally left blank A/R movement report, queried from date of interim review to year end. Move

This cell was intentionally left blank Obtain month of year end (ex-December 17) A/R ledger report. Filter by type a

This cell was intentionally left blank A/R Aging Report. A/R working papers – historical A/R aging and analytic of rati

This cell was intentionally left blank A/R Movement report – detail activity of credit notes, discounts, and refunds.
This cell was intentionally left blank A/R Movements report – currency calculation (applicable to US$, Canadian $ a

This cell was intentionally left blank A/R working papers – receivable open item list.

This cell was intentionally left blank Set reporting dates to subsequent audit date and query the A/R movements re

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Oversight offers Oversight Insights on Demand,

a web-based solution enabling line
of business administrators to automatically This cell was intentionally left blank
audit 100% of expenses to detect and eliminate
fraud, errors, misuse, and waste within their
spend programs.
Oversight offers Oversight Insights on Demand,
a web-based solution enabling line
of business administrators to automatically This cell was intentionally left blank
audit 100% of expenses to detect and eliminate
fraud, errors, misuse, and waste within their
spend programs.

Oversight offers Oversight Insights on Demand,

a web-based solution enabling line Depending on level of detail within data,
of business administrators to automatically General Ledger report will give beginning
audit 100% of expenses to detect and eliminate balance, activity and ending balance.
fraud, errors, misuse, and waste within their
spend programs.

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This cell was intentionally left blank General Ledger report.

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This cell was intentionally left blank Trial balance or balance sheet
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This cell was intentionally left blank Compare the TB to the A/P Aging, A/P ledger or A/P movement report.

This cell was intentionally left blank Accounts Payable workpapers – A/P Open Items List

This cell was intentionally left blank A/P Movements for subsequent year end and filter by credit notes.

This cell was intentionally left blank Bank account detail for subsequent year end and filter by type of transaction (

This cell was intentionally left blank A/P Movements report – currency calculation (applicable to US$, Canadian $ a

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Python Confirmations.com
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Use Python, an open source programming language, to

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Confirmation.com is an audit confirmation

solution that offers a secure online platform
for auditors and accounting firms to
effectively perform audit confirmations (for
This cell was intentionally left blank example, accounts receivable, accounts
payable, bank, and so on) in both online and
paper formats securely to third-party
responders.
Confirmation.com is an audit confirmation
solution that offers a secure online platform
for auditors and accounting firms to
effectively perform audit confirmations (for
This cell was intentionally left blank example, accounts receivable, accounts
payable, bank, and so on) in both online and
paper formats securely to third-party
responders.