Data Analytics for Auditors in MS Excel
Trend analysis, descriptive statistics, correlation, and audit dashboards
About This Course
Course Information
This course will help you develop a basic understanding of how an auditor can use MS Excel spreadsheets for data analytics. The course first introduces the concept of data analytics and explains its relevance for the audit profession. The course then refreshes the basic concepts of statistics that play fundamental role in data analytics. The course then shows how we can use different features of the MS Excel to perform data analytics. The template prepared in the course will help give you an idea of how to perform data analytics, you can customise this template based on client and assignment needs.
Certificate on Completion
This course is made up of videos, questions and additional reading materials and accounts for 8 units of CPD. One unit is the equivalent of one hour of learning. A certificate will be issued once you have completed all 8 units.
Course Sections
This course is made up of the following sections:
- Revisiting Data Analytics (Video and Quiz)
- Basics of Statistics (Reading materials and Quiz)
- Data Analytics and Spreadsheets (Multiple videos and quizzes to cover various topics)
- Data Assessments and quizzes
- Additional reading materials and Course Completion Survey
What You Will Learn
- Explain the four types of data analytics: descriptive, diagnostic, predictive, and prescriptive
- Apply trend analysis and vertical analysis to historical financial data in Excel
- Calculate descriptive statistics including mean, standard deviation, and coefficient of variation
- Prepare a correlation matrix to identify relationships between expense categories
- Describe how data analytics supports audit procedures beyond improving efficiency alone
- Assess audit findings by building a summary dashboard that combines multiple analytical outputs
Who This Course Is For
- Auditors who want to apply data analytics techniques using Excel
- Accountants in assurance roles who need to analyse financial data for audit evidence
- Finance professionals interested in how descriptive analytics applies to real audit scenarios
- Professionals preparing for audit roles who want hands-on spreadsheet analytics experience
Prerequisites
- Basic Excel skills including formulas, formatting, and chart creation
- Familiarity with auditing concepts is helpful but not required
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