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6:42
YouTube
Edspira
The Audit Process
This video provides a brief overview of the five stages of the audit process, which are: 1. Client acceptance (or continuance) 2. Audit planning 3. Risk assessment 4. Substantive procedures 5. Issuing a report (the audit opinion)— Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a ...
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Feb 12, 2019
Audit Substantive Test Examples
#audit #substantiveprocedures #auditstudents #muhammadibrahim #iqschooloffinance #castudents #accountingprofession | IQ School of Finance - ACCA
linkedin.com
1 week ago
0:33
🎯 Hidden Mistakes in Audit Exam 📌 Requirement: State 2 substantive analytical procedures to verify revenue. 1️⃣ Product-wise proof in total: Quantities sold × Selling prices. 🔍 Investigate significant fluctuations/differences. 2️⃣ Sample invoices check: Sales price × Quantity sold → Compare with invoice/ledger → Investigate differences. ⚠ Test of detail is NOT the same as Substantive Analytical Procedure. #audit #auditexam #auditmistakes #analyticalprocedures #substantivetesting #accounting #
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