CPA I1.4 AUDITING Study Manual
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- I1 4 Auditing Standard Cover sheet PW formatted V2 110412 RO'Neill 26 07 12
- I1 4 Auditing Copyright PW Formatted V2 110412 RO'Neill 26 07 12
- I1 4 Auditing Course contents PW formatted V2 110412 RO'Neill 26 07 12
- I1 4 Auditing Aims Objectives Syllabus of Auditing PW Formatted V2 11 04 12 RO'Neill 26 07 12
- I1 4 Auditing Unit 1 PW formatted V2 110412 RO'Neill 26 07 12
- I1 4 Auditing Unit 2 PW formatted V2 110412 RO'Neill 26 07 12
- I1 4 Auditing Unit 3 PW Formatted V2 110412 R'ONeill 26 07 12
- I1 4 Auditing Unit 4 PW Formatted V2 110412 RO'Neill 26 07 12
- I1 4 Auditing Unit 5 PW formatted V2 110412 RO'Neill 26 07 12
- I1 4 Auditing Unit 6 PW formatted V2 110412 RO'Neill 26 07 12
- The Entity's Risk Assessment Process
- B. Information Systems, Including the Related Business Processes, Relevant to Financial Reporting and Communication
- Specific examples of controls would include:
- Approval and control of documents through signing off or pre-numbering,
- Checking the arithmetical accuracy of records,
- Reviewing control accounts for large or unusual items,
- Reconciling figures,
- Matching figures or documents,
- Limiting physical access to assets and records,
- Matching physical existence to book records and other external data,
- Segregating duties such as custody of assets from initiation of transactions to recording of transactions to review of transactions.
- Limitations of Internal Control
- D. ASSESSING THE RISK OF MATERIAL MISSTATEMENT
- I1 4 Auditing Unit 7 PW formatted V2 110412 RO'Neill 26 07 12
- I1 4 Auditing Unit 8 PW formatted V2 110412 RO'Neill 26 07 12
- Selecting All Items (100% examination)
- Selecting Specific Items
- Audit Sampling
- Sample Size
- Selecting Items for Testing to Gather Audit Evidence
- Selecting the audit sample
- Audit Conclusions and Reporting
- If adequate disclosure is made in the financial statements, the auditor should express an unqualified opinion but modify the auditor's report by adding an emphasis of matter paragraph that highlights the existence of a material uncertainty and draws a...
- Acknowledgment by Management of its Responsibility for the Financial Statements
- Representations by Management as Audit Evidence
- Documentation of Representations by Management
- Action if Management Refuses to Provide Representations
- Determining the Need to Use the Work of an Expert
- Competence and Objectivity of the Expert
- Scope of the Expert's Work
- Evaluating the Work of the Expert
- Reference to an Expert in the Auditor's Report
- I1 4 Auditing Unit 9 PW formatted V2 110412 RO'Neill 26 07 12
- I1 4 Auditing Unit 10 PW formatted V2 110412 RO'Neill 26 07 12
- I1 4 Auditing Unit 11 PW formated V2 110412 RO'Neill 26 07 12