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Demo Lectures

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1. Introduction to audit and assurance

Introduction to assurance Free

2. Rules and regulations

Rules and regulation

  • Rules and regulationBuy

3. Ethics and acceptance

Code of ethics

  • Principal based vs Rule Based Approach
    ACCA code of Ethics
    Integrity, Objectivity , Confidentiality, Professional Competence and Due Care, Professional Behaviour    Buy
  • Threats to Independence and objectivity , self interest ThreatBuy

Code of ethics Change at the end

  • Threats - familiarity, self-review
    Intimidation, advocacy    Buy

Client acceptance

  • Client acceptance policies and procedures
    Engagement letter    Buy

4. Audit risk and its components

Risk Free

5. Audit planning

Planning

  • Audit planning , audit strategy and detailed audit plan 1/2Buy
  • Audit planning , audit strategy and detailed audit plan 2/2Buy

6. Risk

Risk

  • Understanding the entity and its environment, assessing
    The risk of mm , risk assessment procedures, analytical
    Procedures    Buy
  • Audit materialityBuy

7. Planning

Planning

  • Audit qualityBuy
  • Audit documentation Buy

8. Evidence

AUDIT EVIDENCE

  • AUDIT ASSERTIONS , SUFFICIENT AND APPROPRIATE AUDIT EVIDENCEBuy
  • Audit Evidence Gathering - Tools And Audit Procedures
    Analytical Procedures As Substantive Procedures
    Relying On The Work Of Others, Expert , Internal Auditor    Buy
  • USING THE WORK OF SERVICE ORGANIZATIONBuy

AUDIT SAMPLING

  • Audit Sampling , Sampling Unit , Population , Items Selection
    Methods, Statistical Vs Non Statistical Sampling    Buy

AUTOMATED TOOLS AND TECHNIQUES

  • TEST DATA, CAATs, AUDIT SOFTWARE , DATA ANALYTICAL TOOLSBuy

9. Procedures

AUDIT PROCEDURES

  • Writing Good Audit Procedures, Testing For Over And Under
    Statement    Buy
  • CASH AND BANK Buy
  • RECEIVABLESBuy
  • Accounting Estimates , Share Capital , Reserves And
    Director's Remuneration     Buy
  • PROFIT AND LOSS - PAYROLL AND REVENUE Buy
  • PURCHASES AND OTHER EXPENSESBuy
  • AUDIT OF SMALLER ENTITIES, AUDIT FOR NOT FOR PROFIT ORGANIZATIONSBuy

10. Systems and Controls

SYSTEMS OF INTERNAL CONTROL

  • Effect Of Controls On The Audit , Limitation Of Internal Controls
    Components Of Internal Control    Buy
  • EXAMPLES OF CONTROL ACTIVITIES, IT CONTROLS, GENERAL AND APPLICATION CONTRLSBuy
  • Ascertaining The System , Documenting Clients System , Testing The System
    Communicating Control Deficiencies, Sales System     Buy
  • PURCHASE SYSTEM , PAYROLL SYSTEMBuy

11. Internal Audit

Internal Audit

  • The Need Of Internal Audit, Difference Between Internal And External Auditors
    Role Of Internal Audit Function, Internal Audit Assignments, Reporting    Buy

12. Completion and Review

SUBSEQUENT EVENTS

  • Intro To The Types Of Audit Reports, Subsequent Events, Auditors Responsibility
    Audit Procedures And Reporting     Buy

GOING CONCERN

  • The Going Concern Concept, Auditors Responsibility, Indicators Of Going Concern
    Problems, Audit Procedures, Reporting Implications     Buy

WRITTEN REPRESENTATIONS, OVERALL REVIEW OF FINANCIAL STATEMENTS

  • Purpose Of Written Representations, Process, Reliability Of Written Representations
    Reporting Implications, Review Procedures     Buy

13. Reporting

INDEPENDENT AUDITORS REPORT

  • TYPES OF AUDIT REPORTS , ELEMENTS OF AUDIT REPORT , MODIFICATION IN THE AUDIT REPORT,Buy
  • MODIFICATION , KEY AUDIT MATTERS, GOING CONCERN REPORTING , EMPHASIS OF MATTER , OTHER MATTERBuy

COMMUNICATING WITH THOSE CHARGED WITH GOVERNANCE

  • HOW , WHAT AND WHEN TO COMMUNICATE , MATTERS TO BE COMMUNICATED, TIMMINGSBuy

14. CORPORATE GOVERNANCE

CORPORATE GOVERNANCE

  • OBJECTIVES OF CG, CODE OF CORPORATE GOVERNANCE , AUDIT COMMITTEE Buy
  • Audit Committee Compostion , Objectives, Function , Internal Audit , Internal Controls And
    Risk Management , Relevance Of Corporate Governance To External Auditors    Buy

15. SUMMARY OF KEY ISA,s

SUMMARY OF KEY ISAs

  • Isa 200 - Objectives Of Independent Auditor , Isa 210 - Agreeing The Terms Of Audit Engagement
    Isa 220 - Quality Management For An Audit Of Financial Statements, Isa 230 - Audit Documentation    Buy
  • Isa 300 - Planning An Audit Of Financial Statements, Isa 315 Identifying And Assessing The Risks Of Material Misstatement, Isa 320 Audit Materiality, Isa 330 The Auditors Responses To Assessed RisksBuy
  • ISA 500 - AUDIT EVIDENCE , ISA 501 , ISA 505 EXTERNAL CONFIRMATIONS, Buy
  • Isa 520 Analytical Procedures, Isa 530 Audit Sampling , Isa 540 Auditing Accounting Estimates
    And Related Disclosures    Buy
  • ISA 560 SUBSEQUENT EVENTS, ISA 570 GOING CONCERN , ISA 580 WRITTEN REPRESENTATIONS, Buy
  • ISA 610 USING THE WORK OF INTERNAL AUDITORS, ISA 620 USING THE WORK OF AN AUDITORS EXPERTBuy