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Assurance
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Assurance
(81 decks)
Week 1 - Journey
Week 1 - Company Set up
Week 1 - What is Assurance
Week 1 - Users
Week 1 - What is a Statutory Audit
Week 1 - Who needs an Audit
Week 1 - Criteria used in a Statutory Audit
Week 1 - Who can provide the assurance / audit?
Week 1 - Roles of assurance providers in society
Week 1 - Sustainability
Week 1 - Impact of sustainability for an assurance engagement
Week 1 - Rights, Duties and Responsibilities of an Auditor
Week 1 - Role of Shareholders as Key User
Week 1 - Levels of Assurance
Week 1 - Expectation Gap
Week 1 - Closing the Expectation Gap
Week 1 - Audit Process - Pre-audit Activities
Week 1 - Audit Process - Planning
Week 1 - Audit Process - Fieldwork
Week 1 - Audit Process - Completion
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Week 2 - Recap
Week 2 - Limitations of Assurance
Week 2 - Assurance, Key Elements
Week 2 - Engagement
Week 2 - Engagement - Preconditions
Week 2 - Ensuring Appointment is Valid
Week 2 - Due Diligence
Week 2 - Engagement - Pre-conditions Mnemonic
Week 2 - Engagement - Replacing a Previous Auditor
Week 2 - Money Laundering Regulations
Week 2 - Resignation of Previous Auditor / Appointment as Auditor
Week 2 - The Letter of Engagement
Week 2 - When to Send an Engagement Letter
Week 2 - Planning - Relevant ISAs
Week 2 - Why Plan?
Week 2 - Benefits of Planning
Week 2 - Planning - Timings, Team Members and Skills
Week 2 - Planning - Understanding the Business
Week 2 - Understanding the Entity and its Environment
Week 2 - Understanding the Client's Systems and Processes
Week 2 - Materiality
Week 2 - Materiality Levels - Quantitative
Week 2 - Setting Materiality Levels
Week 2 - Materiality Levels - Qualitative
Week 2 - Performance Materiality
Week 2 - Using Materiality
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Week 3 - Audit Risk
Week 3 - Inherent Risk
Week 3 - Control Risk
Week 3 - Detection Risk
Week 3 - Audit Risk Calculation
Week 3 - Detection Risk Challenges
Week 3 - Links to Planning Procedures
Week 3 - Potential Sources of Inherent Risk
Week 3 - Significant Risks
Week 3 - Why is There a Need for Ethics
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Week 4 - Audit Independence and Objectivity
Week 4 - Threats to Independence
Week 4 - Safeguards to Objectivity Threats
Week 4 - Ethical / Independence Scenario Possible Actions
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Week 5 - Internal Controls
Week 5 - Components of Internal Control
Week 5 - Responsibilities of the Audit Committee
Week 5 - Internal Control Objectives
Week 5 - Controls Classification 1
Week 5 - Categorising Internal Controls
Week 5 - Limitations of Internal Controls
Week 5 - The Auditor and Internal Control
Week 5 - How to Review a Client's System
Week 5 - Ascertain the System
Week 5 - Recording the System
Week 5 - Steps 3 and 4
Week 5 - Testing the System
Week 5 - Which Controls Should we Test
Week 5 - Evaluate the Reliability of Controls
Week 5 - Steps to Assessing Control Risk
Week 5 - What do we call...
