ACCT3708 Auditing and Assurance Services notes - Distinction Grade

Description

Comprehensive notes for ACCT3708. Content sourced from lecture slides (including notes from lecturer), prescribed text and industry knowledge. These notes cover the below topics, as per the course outline: 1) Introduction to the Audit Function, Assurance Framework, Regulation of Audits and Auditors’ Legal Liability 2) Risk, Error and the Audit Process 3) Business Risk 4) Internal Controls I: Control Environment and Manual Controls 5) Internal Controls II: Internal Controls in an IT Environment 6) Internal Controls III: Tests of Controls and Communication with Management 7) Substantive Tests I: Audit Evidence, Test of Detail and Audit Sampling 8) Substantive Tests II: Test of Detail in IT Systems, Substantive Analytical Procedures, Subsequent Events and Going Concern 9) Using the Work of Others and Fraud 10) Audit Strategies 11) Audit Reporting 12) Other Assurance Services and Ethics