ORGANISED AUDIT NOTES

Description

Combination of lectures, tutorials and chapter readings of Auditing: a practical approach (3rd edition) chapters 1-11. Some sections broken down into step-form to help with how to approach the question during an exam. Topics covered include: 1. Introduction to auditing and assurance 2. Professional role, ethics and legal liability 3. Audit planning- client acceptance and continuance 4. Audit planning- risk assessment 5. Test of controls 6. Substantive procedures (balance sheet accounts and income statement) 7. Sampling 8. Audit conclusion - completing the audit