Substantive Analytics in Audits - Chapter 20 - Audit Risk Assessment Made Easy

[@lktherd1]

Thanks Charles ! This is one your best videos. Very helpful

[@CPAHallTalk]

Thank you. I appreciate the kind words. :)

[@a.sydney5036]

Ah! I just realized that I run into your website quite often when googling certain audit topics. Again, thank you. So helpful.

[@Karl-wm7lt]

So substantive analytics have to have a predictive element to them?

[@CPAHallTalk]

You need to establish your expectations before creating your analytics. I’m not sure I’d call it predictive, but you do need to have expectation before creating the analytics. That way, if the numbers don’t line up with your expectation, you’ll know something might not be right.