Summary Audit 378 year summaries

AUDITING YEAR SUMMARIES




lexi shtein
2021

,TERM 1:
- Test of Controls
- Audit risk


TERM 2:
- Substantive procedures

TERM 3:
- Computer controls


TERM 4:
- Sampling & completion
- Going concern
- Audit differences

,AUDIT A1S1




Alexandra Shtein

, Table of Contents
INHERENT RISKS ON A FINANCIAL STATEMENT LEVEL ................................................................................... 4
INHERENT RISKS ON AN ASSERTION LEVEL .................................................................................................. 11
Planning Materiality ................................................................................................................................... 22
RATIOS: ...................................................................................................................................................... 26
TEST OF CONTROLS..................................................................................................................................... 32