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Pages: 44
Category: Business and Industry
Date Submitted: 06/24/2014 02:53 AM
AUDIT – F8
NOTES
CONTENTS
OVERVIEW OF SYLLABUS AND EXAM 3
ASSURANCE AND AUDIT 6
OVERVIEW OF THE STATUTORY AUDIT PROCESS 9
REGULATORY STANDARDS 9
RESPONSIBILITIES 12
ACCEPTING ENGAGEMENTS 14
ETHICS FRAMEWORK 15
ACCA ETHICAL GUIDANCE 18
PLANNING THE AUDIT 20
MATERIALITY AND RISK ASSESSMENT 22
INTERNAL CONTROLS 23
MANAGEMENT LETTER 24
ANALYTICAL PROCEDURES 25
AUDIT APPROACH 26
EVIDENCE 28
Computer Assisted Audit Techniques - CAAT’s 35
RELIANCE ON THE WORK OF OTHERS 42
COMPLETION 44
QUALITY CONTROL 48
REPORTING 50
CORPORATE GOVERNENCE 51
INTERNAL AUDIT 53
|OVERVIEW OF SYLLABUS AND EXAM |
Core areas of the syllabus:
|Syllabus area |
|Corporate governance and Ethics |
|Internal audit |
|Planning and risk assessment |
|Internal controls |
|Substantive audit evidence |
|Review |
|Reporting...