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Activity Number:
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664
- Making an Impact with Statistical Auditing
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Type:
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Contributed
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Date/Time:
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Thursday, August 1, 2019 : 10:30 AM to 12:20 PM
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Sponsor:
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Statistical Auditing Interest Group
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Abstract #307073
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Presentation
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Title:
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Using Regression Analysis to Improve the Quality and Efficiency of a Financial Audit Approach
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Author(s):
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Nicholas Brouwer* and John Hilton
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Companies:
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Office of the Auditor General of Canada and Office of the Auditor General of Canada
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Keywords:
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Statistical Auditing;
Regression;
Financial Audit
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Abstract:
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Statistical methods can be used to increase the quality as well as the efficiency of audits. In this presentation, we will discuss how our audit of a utility company used regression analysis to assess the relationships between different financial statement accounts and then rely on those relationships to provide necessary audit evidence. This resulted in a complete overhaul of the audit approach to these accounts. Furthermore, the analysis brought the overall assurance on the final account from low to high.
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Authors who are presenting talks have a * after their name.
