What is internal audit
Modifications
Modified audit reports
Audit reports and opinions
Audit procedures
Auditor responsibility
Management responsibilities
Professional scepticism
Audit procedures on fraud
Auditor responsibility on fraud
Understanding the entity
Practical uses of materiality
Analytical procedures at the planning stage
How to make an audit strategy
Audit strategy introduction
Planning process
Planning objectives
Audit risk in general
Why plan
Substantive procedures
Tests of control
Procedures when using internal audit
Using internal audit
Procedures
The problem with estimates
Procedures
Auditors responsibility
Management responsibility
Purpose of a final review
What happens in the final review
Quality and reliability
How reps are obtained
Why have written representations
Written representations definition
Going concern indicators
Going concern review procedures
Auditors responsibilities
Directors responsibilities
Going concern and the financial statements
Going concern challenges
What if opening balances unaudited by us?
Opening balances - considerations
Comparatives
Compilation engagements
Agreed upon procedures
Review engagement
Notional costs relevance
Opportunity cost
Detection risk
Control risk
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