Newest ACCA Advanced Audit and Assurance (UK) summaries
Lecture notes
Subsequent Events / Audit Report - AUDIT AND ASSURANCE - Lecture 11 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: subsequent events review, post balance sheet events, adjusting events, non-adjusting events, POST SOFP/Balance Sheet Events/Audit Procedures, Before issuing the audit report, After issuing the audit report, Provisions & Contingencies, liability, legal obligation, constructive obligation, contigent liability, Provisions & Contingencies – Accounting Treatment, Provisions & Contingencies – Audit Pr...
SupplementaryStudyNotes
Lecture notes
Audit Testing & Analytical Review - AUDIT AND ASSURANCE - Lecture 9 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: auditing testing types (system-based, risk-based), Audit Testing – Compliance, Audit Testing – Substantive, Audit Testing – General Approach, Audit Testing – Corporate Governance, Audit Testing – Techniques, Audit Testing – Compliance Testing ISA 400, Audit Testing – Compliance Testing Categories, Audit Testing – Compliance Testing – No Audit Trail, Audit Testing – Compliance Tes...
SupplementaryStudyNotes
Lecture notes
Statement of Financial Position (SOFP), Finalisation & Review, Going Concern (GC) - AUDIT AND ASSURANCE - Lecture 10 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: Audit of the statement of financial position, Final work – problem areas, compliance testing, substantive testing, Relationship between Statement of Financial Position & Income Statement, Use of specialists ISA 620, Main areas where specialists are required, use of experts, Audit of the Statement of Financial Position – Non-Current Assets, Non-Current Assets – Internal Controls, Non-Current As...
SupplementaryStudyNotes
Package deal
Audit and Assurance - Bundle - Lecture & Seminar notes
This bundle contains lecture and seminar notes for the Audit and Assurance module BAF-6-AAS taught at the London South Bank University (LSBU). This is a module for students studying Accounting and Finance.
SupplementaryStudyNotes
Lecture notes
Audit Evaluation & Planning / Risk / Materiality - AUDIT AND ASSURANCE - Lecture 5 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: Audit Risk, audit risk components, Inherent Risk – Entity Level, Inherent Risk – Account Balance, control risk, detection risk, Audit Risk – Formulae, indicators of low risk, general indicators of high risk, Substantive Procedures, materiality, Materiality – ISA 320(2) – Materiality in the context of the preparation of the financial statements, testing materiality, Testing (planning) mater...
SupplementaryStudyNotes
Lecture notes
Professional Ethics - AUDIT AND ASSURANCE - Seminar 3 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: seminar questions and answers relating to Professional Ethics in the auditing profession which can be used for revision. It contains scenario-based questions. The questions in this document are the same questions as the notes in Seminar 5 but there is a degree of variation in the manner of answering the questions due to the sessions taught by different tutors.
SupplementaryStudyNotes
Lecture notes
Professional Ethics / Audit Independence - AUDIT AND ASSURANCE - Seminar 5 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: seminar questions and answers relating to Professional Ethics / Audit Independence in the auditing profession which can be used for revision. It contains scenario-based questions. The questions in this document are the same questions as the notes in Seminar 3 but there is a degree of variation in the manner of answering the questions due to the sessions taught by different tutors.
SupplementaryStudyNotes
Lecture notes
Auditor’s Liability, Appointment, Resignation, Removal & Client Screening - AUDIT AND ASSURANCE - Lecture 4 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: coursework guidance on completing the coursework for the module, auditor's liability, Auditor’s liability – statutory duties CA 2006 s.498 & 499, Caparo Industries PLC vs Dickman & Others (1989) – Proximity, Royal Bank of Scotland vs Bannerman Johnson Maclay & Others, Criminal Liability, limiting liability, The Audit Appointment Process, resignation of auditors, removal of auditors, Auditor ...
SupplementaryStudyNotes
Lecture notes
External Audit (Introduction) - AUDIT AND ASSURANCE - Lecture 1 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: Definition of an external audit, True & Fair View, fair representation, external auditing, statutory external audit, non-statutory audits, assurance engagement, review engagement, external audit vs review engagement, levels of assurance, assurance engagement process, purpose of auditing, main audit objectives, secondary audit objectives, management's responsibilities, limitations of an audit, chron...
SupplementaryStudyNotes
Lecture notes
Audit Regulation - AUDIT AND ASSURANCE - Lecture 2 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: audit regulation, Three sets of regulatory guidance, Example of national laws & guidance, how is an auditor regulated, IFAC, structure of IFAC, ISAs & IAPS, IAASB Pronouncements, Corporate Governance Code UK, Internal controls and risk management, audit committee, NEDs (Non-Executive Directors), audit committee objectives, audit committee functions, audit committee benefits.
SupplementaryStudyNotes
Lecture notes
Audit Evidence / Quality Control / Audit Documentation - AUDIT AND ASSURANCE - Lecture 6 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: Audit Evidence ISA 500, audit evidence: sufficiency, appropriateness, Auditors’ Judgement, Nature of accounting/internal control systems, reliability of audit evidence, audit generated, entity's records, original documentation, oral representations, procedures that auditors applies on audit evidence (A.E.I.O.U), financial statement assertions, assertion example.
SupplementaryStudyNotes
Lecture notes
Audit and Assurance Exam Topics - AUDIT AND ASSURANCE - Seminar 7 notes
Audit & Assurance is a module for students studying Accounting and Finance at degree level. This document covers the exam topics that will most likely show up in the exam and gives you pointers on which particular area in each topic you need to be familiarised with to pass the exam.
SupplementaryStudyNotes
Lecture notes
Auditor’s Liability, Appointment, Resignation, Removal & Client Screening - AUDIT AND ASSURANCE - Seminar 4 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: seminar questions and answers relating to Auditor’s Liability, Appointment, Resignation, Removal & Client Screening which can be used for revision. Includes a scenario-based question.
SupplementaryStudyNotes
Lecture notes
Audit Evaluation & Planning / Risk / Materiality - AUDIT AND ASSURANCE - Seminar 2 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: seminar questions and answers relating to Audit Evaluation & Planning/Risk/Materiality which can be used for revision.
SupplementaryStudyNotes
Lecture notes
Audit Evidence / Quality Control / Audit Documentation - AUDIT AND ASSURANCE - Seminar 6 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: seminar questions and answers relating to Audit Evidence / Quality Control / Audit Documentation which can be used for revision.
SupplementaryStudyNotes
Lecture notes
Coursework Guidance, Professional Ethics and Internal Audit - AUDIT AND ASSURANCE - Lecture 7 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: coursework guidance, a recap/review of the lecture slides on Professional Ethics and Internal Audit.
SupplementaryStudyNotes
Lecture notes
Subsequent Events - AUDIT AND ASSURANCE - Seminar 11 notes
Audit & Assurance is a module for students studying Accounting and Finance. This document covers: seminar questions and answers on Subsequent Events which can be used for revision.
SupplementaryStudyNotes