Analytic Procedures: A Holdback-vetting Forecasting Model

Introduction: Forecasting is now a best practices requirement for PCAOB audits. This is clear from AS 5 where Analytic Procedures are now a part of the Planning and Substantive Phases of the certification audits. In this regard, we are encouraged by the “On the Go Stores” AP case offered by the AICPA, and have extended their case illustration of AP treatments.Study Précis: In our presentation, we initially consider the OLS Regression model utilized in the AICPA case and offer a vetting protocol to rationalize the use of this forecasting model in the AP phases. Then we move to a disposition analysis stage where the forecast information is posed in relief to the actual client value so as to ascertain if Extended Procedure investigations would be warranted.Results: We offer three Confidence Intervals drawn from the OLS modeling system that are formed from the Fixed Effect, Random Effects, and finally the Excel Platform for the 95% CI parameter set.Impact: The protocol set is programmed in an open-access VBA Decision Support System which is available free as a download with no restriction on its use

The 1992 Iowa Corn Yield Test Report, District 1

Results of the Iowa Corn Yield Test are published to aid Iowa farmers in selecting corn hybrids. This is the seventy-third consecutive year for the test. Data from these tests are available in three different formats. These data are first released on Iowa State University Extension\u27s computer communication network (EXNET) usually around Thanksgiving and are available at county extension offices. Anyone can subscribe to EXNET at a cost of $25 per year, and receive the data as soon as they are released. All that is required is a computer, a modem, and the cost of the telephone call. For additional information contact EXNET, 108 Atanasoff Hall, Iowa State University, Ames, Iowa 50011, telephone number 515/ 294-865

The 1998 Iowa Corn Yield Test Report, District 5

Results of the Iowa Crop Performance Test-Com are published to aid Iowa farmers in selecting corn hybrids. This is the 79th consecutive year for the test. These data are first released on the Iowa Crop Improvement Association\u27s homepage at http://www.agron.iastate.edu/icia/ usually around the end of November. For additional information about electronic distribution, contact Extension Software Service, 110 EES Bldg., Haber Rd., Iowa State University, Ames, Iowa 50011-3070, telephone number (515) 294-8658