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Audit Data Analytics To Traditional Procedures Mapping Document
Audit Data Analytics To Traditional Procedures Mapping Document
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.
Title Overview
Tab #1 Introduction Discusses the purpose of the 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
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
* 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
* Industry
Traditional Audit Procedures
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.
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.
Cash:
1 General
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
year, requesting information about account balances, contingencies,
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.
2 General
3 General
Test cutoff of cash receipts and cash disbursements for transfers
between different bank accounts at the balance sheet date.
4 General
Test appropriate valuation of cash and cash equivalents (including
overdrafts) in foreign currencies.
Marketable Securities:
1 General
2 General
4 General
Test that marketable securities are carried in accordance with the
client's accounting policies or applicable financial reporting
framework.
Accounts Receivable:
1 General
2 General
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
subsequent cash receipts, shipping records, sales contracts, and
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.
3 General
4 General
Perform analytical procedures to identify peaks in sales volume in
the last few days or weeks of the year and test cutoff by inspecting
sales register, billings, shipping documents, and other supporting
documents before and after the year-end date. When substantive
procedures are performed at an interim date, perform cut-off testing
at that date also. Interim cut-off testing can include either tests of
controls over the timely recording of transactions or relevant
substantive testing.
Inventory:
1 General
General
a. The client’s personnel are complying with the instructions for
taking inventory.
General
b. Items belonging to the client, or belonging to others but for
which the client is responsible, are accurately counted and recorded.
General
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
accurately counted and recorded, including a clear description of
their non-inventory status.
General
e. Perform tests of the client’s counts (from the floor to the General
recorded counts and from recorded counts to the floor); record
sufficient information to be able to trace the test counts into the
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.
5 General
If inventories are taken at an interim date, review the "roll-forward"
documentation in a manner responsive to the combined risk
assessment and investigate unusual items.
5 General
If inventories are taken at an interim date, review the "roll-forward"
documentation in a manner responsive to the combined risk
assessment and investigate unusual items.
6 General
Trace the cut-off information obtained during the physical
observation to the accounting records of sales and purchases.
7 General
Test the valuation of inventory to ensure that it is performed in
accordance with the client’s accounting policy or applicable financial
reporting framework.
2 General
3 General
Impairment Testing:
Intercompany:
1 General
Review the general ledger at year-end to ensure that intercompany
accounts net properly.
2 General
Obtain a complete list of affiliated companies and obtain
confirmation of receivables from and payables to affiliates, or agree
the account balances with those in the affiliates' records.
3 General
Test the carrying amounts of intercompany accounts, including those
in foreign currencies.
4 General
5 General
Evaluate the adequacy of the allowance for doubtful intercompany
receivables, considering the aging and findings from audit
procedures performed in the area of investments.
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.
1 General
Obtain a schedule of intangibles, including goodwill, and examine the
bases on which additions, amortization, and disposals are recorded.
Examine invoices, authorizations, contracts, agreements, and other
data that support ownership of intangibles or deferred charges
capitalized and disposed of during the year.
2 General
Notes Payable:
1 General
2 General
Inspect documentation of loan agreements or other short-term
lending arrangements (for example, factoring) to determine the
terms, restrictions, revolving lines of credit, and other pertinent
provisions of notes payable.
Accounts Payable:
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.
Income Taxes:
1 General
Equity:
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.
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
Planning and
Risk Assessment Risk Assessment Year-End Procedures
Completeness, Accuracy,
Existence, Valuation Substantive Interim & Year-End
& Occurrence
Existence
Completeness
Accuracy Substantive Interim & Year-End
Valuation
Rights & Obligations
Presentation & Disclosure
Existence
Completeness
Accuracy Substantive Year-End
Valuation
Presentation & Disclosure
Existence
Completeness Substantive Interim & Year-End
Valuation
Rights & Obligations
Existence
Completeness Substantive Interim & Year-End
Valuation
Rights & Obligations
Valuation Substantive Interim & Year-End
Existence
Completeness & Accuracy Substantive Interim & Year-End
Rights & Obligations
Presentation and Disclosure
Existence
Completeness & Accuracy Roll forward Year-End
Valuation
Existence
Completeness & Accuracy Roll forward Year-End
Valuation
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
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 Roll forward Year-End
Completeness
Existence
Rights & Obligations Roll forward Year-End
Completeness
Existence
Rights & Obligations Substantive Interim & Year-End
Completeness
Existence
Rights & Obligations Substantive Interim & Year-End
Completeness
Substantive Year-End
Existence Substantive Interim & Year-End
Rights & Obligations
Existence
Completeness & Accuracy Substantive Interim & Year-End
Valuation
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 2101Audit Planning
Par. .13 of AU-C sec. 315, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
AS 2101Audit Planning
Par. .15 of AU-C sec. 315,Understanding the Entity and Its Environmentand Assessing the Risks of MaterialMisstatement
Par. .06a of AU-C sec. 315,Understanding the Entity and Its Environmentand Assessing the Risks of MaterialMisstatement
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 of Fraud in a Financial Statement Audit (Journal entries at period end)
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. .A17 of AU-C sec. 500, Audit Evidence AS 2401Consideration of Fraud in a Financial Statement Audit
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
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. .20 and .A51 of AU-C sec. 330, Performing Audit Procedures
AS 2310The in Response
Confirmation to Assessed Risks and Evaluating the Audit Eviden
Process
Par. .12, .23, .A51, and .A60 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidenc
Par. .A58 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obta
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Par. .15 of AU-C sec. 501,Audit Evidence—Specific Considerations for Selected Items
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
AS 2510Auditing Inventories
Par. .12, .23, and .A60 of AU-C sec. 501,Audit Evidence—Specific Considerations for Selected Items
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
Par. .19 and .A51 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Eviden
AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
Par. .A13, .A14, .04, and .05 of AU-C sec. 501, Audit Evidence—Specific Considerations for Selected Items
AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
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
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Assessed Risks
left blank
and Evaluating the AuditEvidence Obtained
AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
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
AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
Thisincell
Par. .21 of AU-C sec. 330, Performing Audit Procedures was intentionally
Response to Assessed left
Risksblank
and Evaluating the Audit Evidence Obtained
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 Audit Data Standard - General LedgerAudit Data Standard - Base Standard
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All Audit Data Standards - General LedgerAudit Data Standards - Base Standard
Various Audit Data Standard - General LedgerAudit Data Standard - Base Standard
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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 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
Cash Audit Data Standard - General LedgerAudit 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
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
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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
Property, plant, and equipment Audit Data Standard - General LedgerAudit Data Standard - Base StandardAud
Notes Payable Audit Data Standard - General LedgerAudit Data Standard - Base Standard
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
Accounts Payable Audit Data Standard - Procure to PayAudit 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
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
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
Caseware ACL
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The Trend Analysis task in IDEA fits a straight line, called the
GL trend
Comparison
line, which
by yearCompared
represents theprevious
linear relationship,
totals by GLthat
to current
is applied
yea
The Trend Analysis task in IDEA fits a straight line, called the
GL trend
Comparison
line, which
by yearCompared
represents theprevious
linear relationship,
totals by GLthat
to current
is applied
yea
Summarize by year/account and generate a database ACL Summarization of journal entries by account
would accomplish this.
that will not only contain the count and the sum but also ACL's SUMMARIZE as of v12 now provides
include average, minimum, maximum, standard Average, Median, Mode, Standard Deviation,
deviation. Min, Max, and quartiles
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Stratify GL Accounts
Stratify a particular GL account to look for journal
entries that are outside of the normal range of
Importing the database from accounting packages/ERP values posted to the account
using connector or export/import using CSV. Conduct
proper reconciliation to ensure data integrity by using
field statistics and summarization and compare with
reports from client.
ACL Inspirations for GL Analysis
SmartAnalyzer test (1) Duplicate JEs: same account, same amountIdentify any duplicate
SmartAnalyzer test ACL's General Ledger (GL)Analytics
SmartAnalyzer test Suspicious weekend or holiday JEAnalyze any and all JE created/poste
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Join database (matching) on invoicenumber. IDEA offers several sampling methods together with the ability to calculate sampl
CMA / MUS Sampling can be used to select the sample for confirmati
Compare 2 files (Interim and Year-End) using accounts as Perform a variance analysis between Interim and
Year End accounts, highlighting items over a
the key field specified threshold requiring further review.
Compare 2 files (Interim and Year-End) using accounts as Perform a variance analysis between Interim and
Year End accounts, highlighting items over a
the key field specified threshold requiring further review.
Extraction to isolate adjustments - manual operations (1) Unauthorized adjustmentsIdentify adjustments posted in A/R by u
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This cell was intentionally left blank ACL Essentials - Inventory Listing extract can be used as a starting po
This cell was intentionally left blank ACL Essentials - Inventory Listing extract can be used as a starting po
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This cell was intentionally left blank ACL Essentials - Journal adjustments to inventory accounts
This cell was intentionally left blank ACL Essentials - Journal adjustments to inventory accounts
This cell was intentionally left blank CMA / MUS Sampling can be used to select inventories held by other
This cell was intentionally left blank ACL Essentials - Journal adjustments to inventory accounts
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This cell was intentionally left blank CMA / MUS Sampling can be used to select investments for confirma
This cell was intentionally left blank Use of Text Analytics Toolkit to identify keywords and word trends ov
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This cell was intentionally left blank CMA / MUS Sampling can be used to select receivables for confirmati
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This cell was intentionally left blank Combination of use of Fixed Asset Analysis and Textual Analytics
SmartAnalyzer Test:• Recalculate Straight Line Depreciation
Expected
creates depreciation
a list of fixedrecalculationRecalculate
assets using the straight-linemethod
expected depreciatio
of depre
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This cell was intentionally left blank CMA / MUS Sampling can be used to select notes payable for confirm
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Join the two databases (current and subsequent) and ACL Essentials - Three way match
select the option Records with no primary match
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This cell was intentionally left blank Use of Text Analytics Toolkit to identify keywords and word trends ov
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***
Example Audit Data Analytics
Oversight Dronescan
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 Dronescan for physical inventory counts
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank Dronescan for physical inventory counts
This cell was intentionally left blank Dronescan for physical inventory counts
This cell was intentionally left blank Dronescan for physical inventory counts
This cell was intentionally left blank Dronescan for physical inventory counts
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This cell was intentionally left blank Dronescan for physical inventory counts
This cell was intentionally left blank Dronescan for physical inventory counts
This cell was intentionally left blank Dronescan for physical inventory counts
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Confirmations.com
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This columns offers sample step-by-step examples that can be found in the AICPA's Guide to Audit Data Analytics.
The examples illustrate ways that ADAs can be used throughout the financial statement audit.
Appendix A of the Guide to Audit Data Analytics provides examples of using ADAs in performing risk assessment procedures.
Appendix B and C of the Guide to Audit Data Analytics provide examples of using ADAs in performing substantive analytical
procedures and tests of details.
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Appendix B and C of the Guide to Audit Data Analytics provide examples of using ADAs in performing substantive analytical
procedures and tests of details.
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Appendix B and C of the Guide to Audit Data Analytics provide examples of using ADAs in performing substantive analytical
procedures and tests of details.
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Appendix B and C of the Guide to Audit Data Analytics provide examples of using ADAs in performing substantive analytical
procedures and tests of details.
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
- Example 3-1 – Non-Statistical Predictive Model for Rental Revenue
- Example 3-2 – Regression Analysis of Revenue from Sales of Steam
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Appendix B and C of the Guide to Audit Data Analytics provide examples of using ADAs in performing substantive analytical
procedures and tests of details.
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Appendix B and C of the Guide to Audit Data Analytics provide examples of using ADAs in performing substantive analytical
procedures and tests of details.
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Appendix B and C of the Guide to Audit Data Analytics provide examples of using ADAs in performing substantive analytical
procedures and tests of details.
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Appendix B and C of the Guide to Audit Data Analytics provide examples of using ADAs in performing substantive analytical
Appendix B and C of the Guide to Audit Data Analytics provide examples of using ADAs in performing substantive analytical
procedures and tests of details.
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
- Example 4-1 – Cash Receipt to Sales Invoice Matching Procedure
- Example 4-2 – 3-Way Match of Sales Invoices, Shipping Documents, and a Master Price List
Appendix B and C of the Guide to Audit Data Analytics provide examples of using ADAs in performing substantive analytical
procedures and tests of details.
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Appendix B and C of the Guide to Audit Data Analytics provide examples of using ADAs in performing substantive analytical
procedures and tests of details.
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
Examples included within Appendix B "Examples of ADAs Used in Performing Substantive Analytical Procedures":
Examples included within Appendix C "Examples of ADAs Used in Performing Tests of Details":
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* 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 guida
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 t
**** The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusio
m-generated reports and data you will need to establish a basis for what ITGCs will be reviewed and how they will be tested.
provided by the entity in order to rely upon it for audit procedures. This goes beyond the scope of this current document.
ed to offer additional guidance. The "Traditional Audit Procedure" is not limited to the standard noted.
y reach different conclusions about the relevant assertions tested based upon the procedures performed.
Visualization Option
Financial Statement Quantitative Drilldown
blish a basis for what ITGCs will be reviewed and how they will be tested.
audit procedures. This goes beyond the scope of this current document.
Description
This tool allows the user to visually drill down financial statement balances to the general ledger (GL) level detail. It also allows
This allows users to determine whether balances meet normal expectations (that is, assets have debit balances, liabilities have
Using Python Pandas to validate that prior year ending balances roll forward correctly to the current year beginning balances.
Using Python Pandas to validate that trial balance activity (ending trial balance minus beginning trial balance) equals GL activit
Divider
The proceeding tabs (4 through 23) break out the full library of audit procedures by audit phase and account. Please note that
tabs include the same procedures that are also included within the "Library by Audit Phase" tab.
Title Overview
Overview
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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 st
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
* Industry
Traditional Audit Procedures
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.
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.
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
Planning and
Risk Assessment Risk Assessment Year-End Procedures
standard noted.
edures performed.
**
**
AICPA Statements on PCAOB Standards
Auditing Standards
AS 2101
Audit Planning
Par. .12 of AU-C sec. 315,
Understanding the Entity and Its
Environment
and Assessing the Risks of Material
Misstatement
Par. .12 of AU-C sec. 315,
Understanding the Entity and Its
Environment
and Assessing the Risks of Material
Misstatement AS 2110
Identifying and Assessing Risks of
Material Misstatement
AS 2101
Audit Planning
Par. .13 of AU-C sec. 315,
Understanding the Entity and Its
Environment and Assessing the Risks of
Material Misstatement AS 2110
Identifying and Assessing Risks of
Material Misstatement
AS 2101
Audit Planning
AS 2110
Par. .15 of AU-C sec. 315, Identifying and Assessing Risks of
Understanding the Entity and Its Material Misstatement
Environment
and Assessing the Risks of Material
Misstatement AS 2401
Consideration of Fraud in a Financial
Statement Audit
AS 2110
Par. .06a of AU-C sec. 315, Identifying and Assessing Risks of
Understanding the Entity and Its Material Misstatement
Environment
and Assessing the Risks of Material
Misstatement
AS 2401
Consideration of Fraud in a Financial
Statement Audit
Significant Accounts Audit Data Standards
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***
Example Audit Data
Caseware ACL
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Summarize by year/account and generate a database ACL summarization of journal entries by account
would accomplish this.
that will not only contain the count and the sum but ACL's SUMMARIZE as of v12 now provides
also include average, minimum, maximum, standard Average, Median, Mode, Standard Deviation,
deviation. Min, Max, and Quartiles
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***
Example Audit Data Analytics
Oversight Dronescan
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Confirmations.com
This columns offers step-by-step examples that can be found in the AICPA's "Guide to Audit Data Analytics."
The examples illustrate ways that ADAs can be used throughout the financial statement audit.
Appendix A of the Guide to Audit Data Analytics provides examples of using ADAs in performing risk assessment procedures.
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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 st
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
* Industry
Traditional Audit Procedures
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.
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 & Planning
Multiple Assertions
Completeness, Accuracy,
Existence, Valuation, Substantive Interim & Year end
& Occurrence
standard noted.
edures performed.
** **
AICPA Statements on PCAOB Standards
Auditing Standards
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 Obtaine
Par. .A47 of AU-C sec. 240, Consideration of Fraud in a Financial Statement Audit(Journal entries at period end)
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. .A17 of AU-C sec. 500, Audit Evidence AS 2401Consideration of Fraud in a Financial Statement Audit
Significant Accounts Audit Data Standards
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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 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
Caseware ACL
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Stratify GL Accounts
Stratify a particular GL account to look for journal
entries that are outside of the normal range of
Importing the database from Accounting values posted to the account
packages/ERP using connector or export/import using
CSV. Conduct proper reconciliation to ensure data
integrity by using Field Statistics and Summarization
and compare with reports from client.
ACL Inspirations for GL Analysis
SmartAnalyzer test Suspicious weekend or holiday JEAnalyze any and all JE created/posted
Oversight Dronescan
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Confirmations.com
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I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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 st
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
*
Industry
Traditional Audit Procedures
Cash:
1 General
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
year, requesting information about account balances, contingencies,
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.
2 General
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
determine whether receipts or disbursements are recorded on a
timely basis or to verify the appropriateness of reconciling items),
obtain cut-off bank statements.
3 General
Test cutoff of cash receipts and cash disbursements for transfers
between different bank accounts at the balance sheet date.
4 General
Test appropriate valuation of cash and cash equivalents (including
overdrafts) in foreign currencies.
is designed to provide illustrative information with respect to the subject matter covered. It does not establish standards or preferred prac
r the AICPA board of directors and does not represent an official opinion or position of the AICPA. It is provided with the understanding tha
e. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. The staff and pu
ontent or application of the material contained herein and expressly disclaim all liability for any damages arising out of the use of, reference
erenced as examples only. They are not endorsed by or affiliated with the AICPA. Also note that the auditing standard linked to each
udit Procedure" is not limited to the standard noted, and additional standards may need to be considered in order to comply with requirem
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.
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
Existence
Completeness
Accuracy Substantive Interim & Year end
Valuation
Rights & Obligations
Presentation & Disclosure
Existence
Completeness
Accuracy Substantive Year end
Valuation
Presentation & Disclosure
standard noted.
edures performed.
** **
AICPA Statements on PCAOB Standards
Auditing Standards
AU-C section 505,
External Confirmations
AS 2310
Par. .19 and .A51 of AU-C sec. 330, The Confirmation Process
Performing Audit Procedures in
Response to Assessed Risks and
Evaluating the Audit
Evidence Obtained
Caseware ACL
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GAO (Cdn)
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***
Example Audit Data Analytics
Oversight Dronescan
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Confirmations.com
Confirmation.com is an audit confirmation solution that
offers a secure online platform for auditors and
accounting firms to effectively perform audit
confirmations (for example, accounts receivable,
accounts payable, bank, and so on) in both online and
paper formats securely to third-party responders.
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
* Industry
Traditional Audit Procedures
Marketable Securities:
1 General
2 General
3 General
Inspect market quotations or other evidence of current value of
marketable securities, including those in foreign currencies.
4 General
Test that marketable securities are carried in accordance with the
client's accounting policies or applicable financial reporting
framework.
SECURITIES
is designed to provide illustrative information with respect to the subject matter covered. It does not establish standards or preferred prac
r the AICPA board of directors and does not represent an official opinion or position of the AICPA. It is provided with the understanding tha
e. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. The staff and pu
ontent or application of the material contained herein and expressly disclaim all liability for any damages arising out of the use of, reference
erenced as examples only. They are not endorsed by or affiliated with the AICPA. Also note that the auditing standard linked to each
udit Procedure" is not limited to the standard noted, and additional standards may need to be considered in order to comply with requirem
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.
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
Existence
Completeness Substantive Interim & Year end
Valuation
Rights & Obligations
Existence
Completeness Substantive Interim & Year end
Valuation
Rights & Obligations
Existence
Completeness Substantive Interim & Year end
Valuation
Rights & Obligations
standard noted.
edures performed.
** **
AICPA Statements on PCAOB Standards
Auditing Standards
Par. .19 and .A51 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the AuditEviden
AU-C section 505,External Confirmations AS 2503Auditing Derivative Instruments, Hedging Activities, and Investments in Sec
Caseware ACL
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***
Example Audit Data Analytics
Oversight Dronescan
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Confirmations.com
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AI
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
*
Industry
Traditional Audit Procedures
Accounts Receivable:
1 General
2 General
Determine the size of the sample and document the rationale for the
method used to select the sample in the working papers. Examine
subsequent cash receipts, shipping records, sales contracts, and
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.
3 General
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
activity for the current period with prior periods. Investigate unusual
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.
4 General
Perform analytical procedures to identify peaks in sales volume in
the last few days or weeks of the year and test cutoff by inspecting
sales register, billings, shipping documents, and other supporting
documents before and after the year-end date. When substantive
procedures are performed at an interim date, perform cut-off testing
at that date also. Interim cut-off testing can include either tests of
controls over the timely recording of transactions or relevant
substantive testing.
4 General
Perform analytical procedures to identify peaks in sales volume in
the last few days or weeks of the year and test cutoff by inspecting
sales register, billings, shipping documents, and other supporting
documents before and after the year-end date. When substantive
procedures are performed at an interim date, perform cut-off testing
at that date also. Interim cut-off testing can include either tests of
controls over the timely recording of transactions or relevant
substantive testing.
8 Inquire about or review list of credit balances and investigate large General
items.
is designed to provide illustrative information with respect to the subject matter covered. It does not establish standards or preferred prac
r the AICPA board of directors and does not represent an official opinion or position of the AICPA. It is provided with the understanding tha
e. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. The staff and pu
ontent or application of the material contained herein and expressly disclaim all liability for any damages arising out of the use of, reference
erenced as examples only. They are not endorsed by or affiliated with the AICPA. Also note that the auditing standard linked to each
udit Procedure" is not limited to the standard noted, and additional standards may need to be considered in order to comply with requirem
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.
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
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
standard noted.
edures performed.
** **
AICPA Statements on PCAOB Standards
Auditing Standards
Par. .20 and .A51 of AU-C sec. 330, PerformingThis
Audit
cell
Procedures
was intentionally
in Responseto
left blank
Assessed Risks and Evaluating the AuditEvidenc
Par. .20 and .A51 of AU-C sec. 330, Performing Audit Procedures
AS 2310The in Responseto
Confirmation Assessed Risks and Evaluating the AuditEvidenc
Process
Par. .12, .23, .A51, and .A60 of AU-C sec. 330, Performing Audit Procedures in Responseto Assessed Risks and Evaluating the Au
Par. .A58 of AU-C sec. 330, Performing Audit Procedures in Responseto Assessed Risks and Evaluating the AuditEvidence Obtain
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Significant Accounts Audit Data Standards
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
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
Example Aud
Caseware ACL
SUMMARIZE receivables on related revenue
control account and JOIN with General Ledger.
Easy IDEA routine Filter for differences, and report the largest
differences by amount/percentage
Join database (matching) on invoicenumber. IDEA offers several sampling methods together with the ability to calculate sampl
CMA / MUS Sampling can be used to select the sample for confirmation
Compare 2 files (Interim and Year-End) using accounts Perform a variance analysis between Interim and
year-end accounts, highlighting items over a
as the key field specified threshold requiring further review.
Extraction to isolate adjustments - manual operations (1) Unauthorized adjustmentsIdentify adjustments posted in A/R by una
Isolate credit balances and use a criteria to extract ACL Essentials - Debtors with credit balances
large amounts
Oversight Dronescan
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Confirmations.com
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I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
* Industry
Traditional Audit Procedures
Inventory:
1 General
General
a. The client’s personnel are complying with the instructions for
taking inventory
General
b. Items belonging to the client, or belonging to others but for
which the client is responsible, are accurately counted and recorded.
General
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
accurately counted and recorded, including a clear description of
their non-inventory status.
General
e. Perform tests of the client’s counts (from the floor to the General
recorded counts and from recorded counts to the floor); record
sufficient information to be able to trace the test counts into the
inventory compilation at a later date; record selected information
concerning the tags, sheets, or cards that are used, partially used,
unused, and voided.
5 General
If inventories are taken at an interim date, review the "roll-forward"
documentation in a manner responsive to the combined risk
assessment and investigate unusual items.
6 General
Trace the cut-off information obtained during the physical
observation to the accounting records of sales and purchases.
6 General
Trace the cut-off information obtained during the physical
observation to the accounting records of sales and purchases.
7 General
Test the valuation of inventory to ensure that it is performed in
accordance with the client’s accounting policy or applicable financial
reporting framework.
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.
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
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
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 Roll forward Year end
Completeness
Existence
Rights & Obligations Substantive Interim & Year end
Completeness
Existence
Rights & Obligations Substantive Interim & Year end
Completeness
does not establish standards or preferred practices. The material was prepared by
CPA. It is provided with the understanding that the staff
onal person should be sought. The staff and publisher make no
ny damages arising out of the use of, reference to, or reliance
hat the auditing standard linked to each
e considered in order to comply with requirements.
standard noted.
edures performed.
** **
AICPA Statements on PCAOB Standards
Auditing Standards
Par. .11a of AU-C sec. 501,Audit Evidence—Specific Considerations
AS 2510Inventories
for Selected Items
Par. .15 of AU-C sec. 501,Audit Evidence—Specific Considerations for Selected Items
AS 2510Inventories
Par. .19 and .A51 of AU-C sec. 330,Performing Audit Procedures in Response to Assessed Risks and Evaluating the AuditEvidenc
AS 2510Inventories
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
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
This cell was intentionally left blank ACL Essentials - Inventory Listing extract can be used as a starting point
This cell was intentionally left blank ACL Essentials - Inventory Listing extract can be used as a starting point
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank ACL Essentials - Journal adjustments to inventory accounts
This cell was intentionally left blank ACL Essentials - Journal adjustments to inventory accounts
This cell was intentionally left blank CMA / MUS Sampling can be used to select inventories held by others fo
This cell was intentionally left blank ACL Essentials - Journal adjustments to inventory accounts
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
Oversight Dronescan
This cell was intentionally left blank Dronescan for physical inventory counts
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank Dronescan for physical inventory counts
This cell was intentionally left blank Dronescan for physical inventory counts
This cell was intentionally left blank Dronescan for physical inventory counts
This cell was intentionally left blank Dronescan for physical inventory counts
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank Dronescan for physical inventory counts
This cell was intentionally left blank Dronescan for physical inventory counts
This cell was intentionally left blank Dronescan for physical inventory counts
This cell was intentionally left blank This cell was intentionally left blank
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Confirmations.com
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I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data you
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
*
Industry
Traditional Audit Procedures
is designed to provide illustrative information with respect to the subject matter covered. It does not establish standards or preferred prac
r the AICPA board of directors and does not represent an official opinion or position of the AICPA. It is provided with the understanding tha
e. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. The staff and pu
ontent or application of the material contained herein and expressly disclaim all liability for any damages arising out of the use of, reference
erenced as examples only. They are not endorsed by or affiliated with the AICPA. Also note that the auditing standard linked to each
udit Procedure" is not limited to the standard noted, and additional standards may need to be considered in order to comply with requirem
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.
s 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
Completeness & Accuracy
Rights & Obligations Substantive Interim & Year end
Existence
Valuation
standard noted.
dures performed.
** **
AICPA Statements on PCAOB Standards
Auditing Standards
Par. .19 and .A51 of AU-C sec. 330, Performing Audit Procedures in Responseto Assessed Risks and Evaluating the AuditEvidenc
Caseware ACL
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***
Example Audit Data Analytics
Oversight Dronescan
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.
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
*
Industry
Traditional Audit Procedures
2 General
3 General
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.
s 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
Existence Substantive Interim & Year end
Rights & Obligations
standard noted.
dures performed.
** **
AICPA Statements on PCAOB Standards
Auditing Standards
Par. .19 and .A51 of AU-C sec. 330, Performing Audit Procedures in Responseto Assessed Risks and Evaluating the AuditEvidenc
AU-C section 330, Performing Audit Procedures in Responseto Assessed Risks and Evaluating the AuditEvidence Obtained
Par. .A13, .A14, .04 and .05 of AU-C sec. 501, Audit Evidence—Specific Considerations for Selected Items
Significant Accounts Audit Data Standards
Investments, including This cell was intentionally left blank
investments in affiliates
Caseware ACL
This cell was intentionally left blank CMA / MUS Sampling can be used to select investments for confirmatio
This cell was intentionally left blank Use of Text Analytics Toolkit to identify keywords and word trends over
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***
Example Audit Data Analytics
Oversight Dronescan
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
Confirmations.com
This cell was intentionally left blank
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
* Industry
Traditional Audit Procedures
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.
is designed to provide illustrative information with respect to the subject matter covered. It does not establish standards or preferred prac
r the AICPA board of directors and does not represent an official opinion or position of the AICPA. It is provided with the understanding tha
e. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. The staff and pu
ontent or application of the material contained herein and expressly disclaim all liability for any damages arising out of the use of, reference
erenced as examples only. They are not endorsed by or affiliated with the AICPA. Also note that the auditing standard linked to each
udit Procedure" is not limited to the standard noted, and additional standards may need to be considered in order to comply with requirem
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.
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
Valuation Substantive Interim & Year end
does not establish standards or preferred practices. The material was prepared by
CPA. It is provided with the understanding that the staff
onal person should be sought. The staff and publisher make no
ny damages arising out of the use of, reference to, or reliance
hat the auditing standard linked to each
e considered in order to comply with requirements.
standard noted.
edures performed.
**
**
AICPA Statements on PCAOB Standards
Auditing Standards
Par. .09 and .A17—.A18 of AU-C sec. 501, Audit
This
Evidence—Specific
cell was intentionally
Considerations
left blank for Selected Items
Significant Accounts Audit Data Standards
Various This cell was intentionally left blank
***
Example Audit Dat
Caseware ACL
This cell was intentionally left blank Fixed Asset Analysis
***
Example Audit Data Analytics
Oversight Dronescan
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Guide to Audit Data Analytics Examples
Confirmations.com
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General Audit Procedures by Account - INTERCOMPANY ACCOUNTS
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AI
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
* Industry
Traditional Audit Procedures
Intercompany
1 General
2 General
Obtain a complete list of affiliated companies and obtain
confirmation of receivables from and payables to affiliates or agree
the account balances with those in the affiliates' records.
3 General
Test the carrying amounts of intercompany accounts, including those
in foreign currencies.
4 General
5 General
Evaluate the adequacy of the allowance for doubtful intercompany
receivables, considering the aging and findings from audit
procedures performed in the area of investments.
NY ACCOUNTS
is designed to provide illustrative information with respect to the subject matter covered. It does not establish standards or preferred prac
r the AICPA board of directors and does not represent an official opinion or position of the AICPA. It is provided with the understanding tha
e. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. The staff and pu
ontent or application of the material contained herein and expressly disclaim all liability for any damages arising out of the use of, reference
erenced as examples only. They are not endorsed by or affiliated with the AICPA. Also note that the auditing standard linked to each
udit Procedure" is not limited to the standard noted, and additional standards may need to be considered in order to comply with requirem
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.
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
Completeness & Accuracy Substantive Interim & Year end
Existence
Completeness & Accuracy Substantive Interim & Year end
Valuation
standard noted.
edures performed.
**
**
AICPA Statements on PCAOB Standards
Auditing Standards
4th bullet of par. .A69 of AU-C sec. 600, SpecialThis
Considerations—Audits
cell was intentionallyofleft
Group
blank
Financial Statements (Including the Work of C
AU-C section 330, Performing Audit Procedures in Responseto Assessed Risks and Evaluating the AuditEvidence Obtained
This cell was intentionally left blank This cell was intentionally left blank
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***
Example Audit Data
Caseware ACL
Extraction on sub-accounts. Manual Summarize and compare intercompany accounts
operations to ensure they net to zero
Oversight Dronescan
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This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
Confirmations.com
This cell was intentionally left blank
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AI
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
* Industry
Traditional Audit Procedures
is designed to provide illustrative information with respect to the subject matter covered. It does not establish standards or preferred prac
r the AICPA board of directors and does not represent an official opinion or position of the AICPA. It is provided with the understanding tha
e. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. The staff and pu
ontent or application of the material contained herein and expressly disclaim all liability for any damages arising out of the use of, reference
erenced as examples only. They are not endorsed by or affiliated with the AICPA. Also note that the auditing standard linked to each
udit Procedure" is not limited to the standard noted, and additional standards may need to be considered in order to comply with requirem
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.
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
ts
standard noted.
edures performed.
**
**
AICPA Statements on PCAOB Standards
Auditing Standards
Par. .19–.20 and .A51 of AU-C sec. 330, Performing Audit Procedures in Responseto Assessed Risks and Evaluating the AuditEvi
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
Long-term receivables, non-current deposits, This cell was intentionally left blank
and other long-term financial assets
***
Example Audit Data
Caseware ACL
This cell was intentionally left blank CMA / MUS Sampling can be used to select receivables for confirmation
This cell was intentionally left blank CMA / MUS Sampling can be used to select receivables for confirmation
This cell was intentionally left blank This cell was intentionally left blank
***
Example Audit Data Analytics
Oversight Dronescan
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
Confirmations.com
Confirmation.com is an audit
confirmation solution that offers a secure
online platform for auditors and
accounting firms to effectively perform
audit confirmations (for example,
accounts receivable, accounts payable,
bank, and so on) in both online and paper
Confirmation.com is an audit
confirmation solution that offers a secure
online platform for auditors and
accounting firms to effectively perform
audit confirmations (for example,
accounts receivable, accounts payable,
bank, and so on) in both online and paper
formats securely to third-party
responders.
Appendix B and C of the Guide to Audit Data Analytics provide examples of using ADAs
in performing substantive analytical procedures and tests of details.
Appendix B and C of the Guide to Audit Data Analytics provide examples of using ADAs
in performing substantive analytical procedures and tests of details.
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
* Industry
Traditional Audit Procedures
Review and examine support for rentals under operating leases and
3 for significant charges to repairs, maintenance, and other expense General
accounts to determine if they should be capitalized as property,
plant, and equipment.
is designed to provide illustrative information with respect to the subject matter covered. It does not establish standards or preferred prac
r the AICPA board of directors and does not represent an official opinion or position of the AICPA. It is provided with the understanding tha
e. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. The staff and pu
ontent or application of the material contained herein and expressly disclaim all liability for any damages arising out of the use of, reference
erenced as examples only. They are not endorsed by or affiliated with the AICPA. Also note that the auditing standard linked to each
udit Procedure" is not limited to the standard noted, and additional standards may need to be considered in order to comply with requirem
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.
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
Completeness & Accuracy Substantive Interim & Year end
standard noted.
edures performed.
**
**
AICPA Statements on PCAOB Standards
Auditing Standards
Par. .21 of AU-C sec. 330, Performing Audit Procedures
This cell was
in Responseto
intentionally
Assessed
left blank
Risks and Evaluating the AuditEvidence Obtaine
AU-C section 330, Performing Audit Procedures in Responseto Assessed Risks and Evaluating the AuditEvidence Obtained
AU-C section 330, Performing Audit Procedures in Responseto Assessed Risks and Evaluating the AuditEvidence Obtained
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
***
Example Audit Data
Caseware ACL
Performing an extraction (based on
account numbers). Include manual Combination of use of Fixed Asset Analysis and Textual Analytics
explanation
This cell was intentionally left blank Combination of use of Fixed Asset Analysis and Textual Analytics
Oversight Dronescan
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Confirmations.com
This cell was intentionally left blank
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AI
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
*
Industry
Traditional Audit Procedures
2 General
is designed to provide illustrative information with respect to the subject matter covered. It does not establish standards or preferred prac
r the AICPA board of directors and does not represent an official opinion or position of the AICPA. It is provided with the understanding tha
e. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. The staff and pu
ontent or application of the material contained herein and expressly disclaim all liability for any damages arising out of the use of, reference
erenced as examples only. They are not endorsed by or affiliated with the AICPA. Also note that the auditing standard linked to each
udit Procedure" is not limited to the standard noted, and additional standards may need to be considered in order to comply with requirem
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.
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
Completeness & Accuracy
Existence Substantive Interim & Year end
Valuation
standard noted.
edures performed.
** **
AICPA Statements on PCAOB Standards
Auditing Standards
AU-C section 330, Performing Audit Procedures in Responseto Assessed Risks and Evaluating the AuditEvidence Obtained
AU-C section 330, Performing Audit Procedures in Responseto Assessed Risks and Evaluating the AuditEvidence Obtained
Par. .A7 of AU-C sec. 540, Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures
Significant Accounts Audit Data Standards
Intangibles & Goodwill This cell was intentionally left blank
Caseware ACL
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***
Example Audit Data Analytics
Oversight Dronescan
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
Confirmations.com
This cell was intentionally left blank
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
* Industry
Traditional Audit Procedures
Notes payable
1 General
2 General
3 Test calculations and other evidence relating to compliance with the General
terms, restrictions, or other provisions of loan agreements.
5 Determine the exchange rate at the balance sheet date and General
recalculate using that rate.
is designed to provide illustrative information with respect to the subject matter covered. It does not establish standards or preferred prac
r the AICPA board of directors and does not represent an official opinion or position of the AICPA. It is provided with the understanding tha
e. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. The staff and pu
ontent or application of the material contained herein and expressly disclaim all liability for any damages arising out of the use of, reference
erenced as examples only. They are not endorsed by or affiliated with the AICPA. Also note that the auditing standard linked to each
udit Procedure" is not limited to the standard noted, and additional standards may need to be considered in order to comply with requirem
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.
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
Completeness & Accuracy
Existence Substantive Interim & Year end
Valuation
standard noted.
edures performed.
** **
AICPA Statements on PCAOB Standards
Auditing Standards
Par. .19 and .A51 of AU-C sec. 330, PerformingAudit Procedures in Responseto Assessed Risks and Evaluating the AuditEvidence Obtained
AU-C section 330, Performing Audit Procedures in Responseto Assessed Risks and Evaluating the AuditEvidence Obtained
Notes Payable Audit Data Standard - General LedgerAudit Data Standard - Base Standard
Notes Payable Audit Data Standard - General LedgerAudit Data Standard - Base Standard
***
Example Audit Data
Caseware ACL
This cell was intentionally left blank CMA / MUS Sampling can be used to select notes payable for confirmati
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This cell was intentionally left blank This cell was intentionally left blank
Oversight Dronescan
This cell was intentionally left blank This cell was intentionally left blank
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This cell was intentionally left blank This cell was intentionally left blank
Guide to Audit Data Analytics Examples
Confirmations.com
Confirmation.com is an audit
confirmation solution that offers a
secure online platform for auditors and
accounting firms to effectively perform
audit confirmations (for example,
accounts receivable, accounts payable,
bank, and so on) in both online and
paper formats securely to third-party
responders.
This cell was intentionally left blank - Example 4-1 – Cash Receipt to Sales Invoice Matching Procedure
- Example 4-2 – 3-Way Match Sales Invoices, Shipping Documents,
and a Master Price List
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
* Industry
Traditional Audit Procedures
Accounts Payable:
1 Agree the accounts payable subledger to the general ledger control General
account and investigate large and unusual reconciling items.
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.
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.
s 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
Completeness & Accuracy Substantive Interim & Year end
standard noted.
dures performed.
** **
AICPA Statements on PCAOB Standards
Auditing Standards
AU-C section 330, Performing Audit Procedures
This
in Responseto
cell was intentionally
Assessed Risks
left blank
and Evaluating the AuditEvidence Obtained
Accounts Payable Audit Data Standard - Procure to PayAudit 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
Accounts Payable Audit Data Standard - Procure to PayAudit Data Standard - Base Standard
**
Example Audit D
Caseware ACL
Compare AP subledger to the GL and identify
SmartAnalyzer test significant differences for investigation.
Join the two databases (current and subsequent) and ACL Essentials - Three way match
select the option Records with no primary match
Oversight Dronescan
This cell was intentionally left blank This cell was intentionally left blank
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This cell was intentionally left blank This cell was intentionally left blank
Confirmations.com
This cell was intentionally left blank
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data you
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
* Industry
Traditional Audit Procedures
Income Taxes
Test the reconciliation of the current year book/local GAAP/statutory
1 and taxable income, validate the split between permanent and General
timing differences, and compare reconciling items with those in prior
years and examine support.
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.
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
Completeness & Accuracy Substantive Interim & Year end
standard noted.
edures performed.
**
**
AICPA Statements on PCAOB Standards
Auditing Standards
AU-C section 540,Auditing Accounting Estimates,Including
AS 2501Auditing
FairAccounting
Value Accounting
Estimates
Estimates, and Related Disclosures
Caseware ACL
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***
Example Audit Data Analytics
Oversight Dronescan
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank this cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
Confirmations.com
This cell was intentionally left blank
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
*
Industry
Traditional Audit Procedures
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.
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
Completeness & Accuracy Substantive Interim & Year end
standard noted.
edures performed.
** **
AICPA Statements on PCAOB Standards
Auditing Standards
AU-C section 540,Auditing Accounting Estimates,Including
AS 2501Auditing
FairAccounting
Value Accounting
Estimates
Estimates, and Related Disclosures
This cellinwas
Par. .21 of AU-C section 330, Performing Audit Procedures intentionally
Responseto leftRisks
Assessed blankand Evaluating the AuditEvidence Obtained
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
Provisions, accrued and other liabilities, This cell was intentionally left blank
deferred income
**
Example Audit
Caseware ACL
This cell was intentionally left blank This cell was intentionally left blank
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This cell was intentionally left blank Use of Text Analytics Toolkit to identify keywords and word trends over
***
Example Audit Data Analytics
Oversight Dronescan
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Confirmations.com
This cell was intentionally left blank
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
* Industry
Traditional Audit Procedures
Debt
1 General
For long-term debt, confirm amounts owed and ensure funds, terms,
4 collateral, restrictions, and the client's compliance with the General
provisions of the agreements.
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.
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
Completeness & Accuracy Substantive Interim & Year end
standard noted.
edures performed.
**
**
AICPA Statements on PCAOB Standards
Auditing Standards
Par. .21 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtain
Par. .19 and .A51 of AU-C sec. 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Eviden
Caseware ACL
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***
Example Audit Data Analytics
Oversight Dronescan
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
Confirmations.com
This cell was intentionally left blank
I. Notice to Readers
This Audit Data Analytics to Audit Procedures - Mapping document (mapping document) is designed to provide illustrative info
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
* Please note that this document is not intended to be all-encompassing. If you rely on system-generated reports and data yo
You may also need to perform procedures to test the completeness and accuracy of the data provided by the entity in order
** Please note that the auditing standard linked to each "Traditional Audit Procedure" is included to offer additional guidance.
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 AIC
****The assertions tested are a function of the actual audit procedures performed. Auditors may reach different conclusions abo
* Industry
Traditional Audit Procedures
Equity
Obtain an equity reconciliation schedule, including retained earnings,
1 General
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
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.
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.
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
Completeness & Accuracy Substantive Interim & Year end
standard noted.
edures performed.
** **
AICPA Statements on PCAOB Standards
Auditing Standards
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
Caseware ACL
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This cell was intentionally left blank This cell was intentionally left blank
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This cell was intentionally left blank This cell was intentionally left blank
***
Example Audit Data Analytics
Oversight Dronescan
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
This cell was intentionally left blank This cell was intentionally left blank
Confirmations.com
This cell was intentionally left blank