This course will enable practitioners to understand and apply the AICPA "clarification" auditing standards to audits of Small- and Medium-Sized Entities (SMEs). Further, this course will provide guidance on how to perform an effective, efficient and profitable audit engagement. The course is loaded with practical practice aids to help enable participants to comply with the standards. Troublesome areas as identified in peer reviews and litigation will be covered. Participants who take this course will enjoy smooth sailing in their peer reviews, guaranteed! This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Identify the differences and synergies between Excel's Power BI tools and the standalone Power BI tools, enabling a clear understanding of when and how to use each tool effectively in various business scenarios.
- Distinguish between the various functionalities and use cases of Power BI tools, empowering participants to select the most appropriate Power BI tool for specific data analysis and reporting needs in their professional roles.
- Identify the key features and functionalities of Microsoft Power Query.
- Distinguish between different data transformation techniques in Power Query, including data cleaning, merging, and pivoting.
- Apply advanced DAX formulas in Power BI to create dynamic and efficient data measures tailored to specific business needs.
- Determine the most effective time-intelligent functions in DAX for analyzing temporal data trends and patterns in Power BI.
- Identify key differences between common DAX functions and their use cases, enabling more strategic and informed decision-making in Power BI measure creation.
- Choose the appropriate DAX calculation processes for validating and ensuring the accuracy of measures in various data scenarios.
- Use PivotTables in Power BI to validate and test the effectiveness of DAX measures, enhancing the reliability of data analysis.
- Categorize the components of an efficient Power BI workflow and identify areas for optimization.
- Evaluate Power BI performance metrics and apply optimization techniques for enhanced usability.
- Assess the capabilities of Power BI Services to effectively share, collaborate, and manage data insights across teams and organizations.
Major Topics
The major topics that will be covered in this class include:
- Analysis of the ''Preparation of Financial Statements'' standards as amended by SSARS 26 with detailed implementation guidance.
- Analysis of the ''Compilation'' standards as amended by SSARS 26 with implementation guidance.
- Analysis of the ''Review'' standards as amended by SSARS 26 with detailed implementation guidance.
- Common mistakes made in SSARS engagements as identified in peer reviews and in litigation.
