ACCT3600 - Auditing Study notes

Description

Comprehensive study notes structured for intensive exam preparations. Final HD notes! Topics covered: Week 1. The value of an audit, auditor ethics & independence Week 2. Planning the audit. Business Risk. Analytical Procedures. Internal Controls Week 3. Audit Risk Assessment, and selection of the key accounts Week 4. Audit Evidence. Introduction to Substantive Tests. Limitation of Scope. Materiality Week 5. Testing Internal Controls. Use of Experts. Substantive testing examples. Week 6. Revision for MSE Week 7. Understanding and Testing IT Controls, Substantive Procedures Using GAS Week 8. GAS Normal Reports and Exception Reports, Audit Data Analytics, Audit Sampling, Fraud a “Special Risk” Week 9. Subsequent Events, the Types of Audit Reports, Introduction to “Going Concern” Week 10. Going Concern Assumption Week 11. Audit Quality, Expectation Gap, Other Assurance Services Week 12. The Regulatory Environment of Auditors, Auditors Liability to Clients, Auditors’ Liability to Third Parties Week 13. Final Exam