Auditing 3rd Year
North-West University (NWU)
Here are the best resources to pass Auditing 3rd Year. Find Auditing 3rd Year study guides, notes, assignments, and much more.
Summary
Audit Planning
NewAudit planning process described. This involves: ISA 300 - Planning an audit ISA 315 - Risk if material misstatement (overall) Risk of material misstatement assertion Risk indicators and implications through assertions of Inventory, Debtors and Revenue. ISA 240 - Fraud Risk ISA 320 - Materiality and the calculation thereof
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Summary
Information processing Controls
PopularExplanation of processing/application controls and description of control objectives. Process for batches by using preparations, input, processing and output, while including validity, completeness and accuracy. Changes in the Masterfile - main control and manual controls.
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Summary
Internal Controls within the business cycle (Inventory and Production cycle)
NewNature and purpose of the inventory and production cycle, inlduing all the functions within. Each function contains documents used, function, risk, control objective and manual controls. Functions include: - Warehouse - Physical controls - Comparisons and reconciliations - Planning and preperation - Design of stationary - Written instructions - Conducting the count
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Summary
Companies Act No. 71 of 2008
NewThe Companies Act No. 71 of 2008 in Auditing. Contains summaries of sections within the Companies Act relevant to auditing 3rd year. Includes: 1. General - Sections 2,3,4,214,16 2. Company records - Sections 20, 21, 22, 24, 30. 3. Shares - 35, 36, 37, 38, 39, 40, 41 4. Assistance and Distribution - 44, 45, 46, 47, 48 5. Board - 57, 65, 66, 69, 71, 72, 73, 75 6. Auditors - 90, 91, 92, 94 This includes short summaries of everything to know about the sections. Examples such as how to...
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