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Intro to the Paper AA, Syllabus, What Is Audit Why Audit Is Audit and Assurance Reasonable Vs Absolute Assurance Objective of Audit

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