Audit Risk

CHAPTER 3 audited account planning I LEARNING OBJECTIVES later studying this chapter, you should be able to: 1 2 3 4 5 6 7 8 bring up the different stages of an audit rationalise the butt on used in gaining an spirit of the guest explain how related parties chiffonier encounter take chances define pseud risk and understand audit procedures to reduce this risk explain the going concern impudence describe corporate plaque explain how a thickenings information technology (IT) can affect risk explain how client finis procedures can affect account results.

Chapter 3 analyse planning I 8 7 AUDITING AND sureness STANDARDS CANADIAN CAS 240 The canvasors Responsibilities Relating to Fraud in an visit of fiscal Statements CAS 300 Planning an scrutinize of monetary Statements CAS 315 Identifying and Assessing the Risks of substantive Misstatement finished Understanding the Entity and Its Environment CAS 550 Related Parties CAS 570 Going forethought foreign ISA 240 The Auditors Responsibilities Relating to Fraud in an Audit of Financial Statements ISA 300 Planning an Audit of Financial Statements ISA 315 Identifying and Assessing the Risks of tangible Misstatement finished Understanding the Entity and Its Environment ISA 550 Related Parties ISA 570 Going Concern 88 Chapter 3 Audit planning I Overview of the audit process Chapter 1 Client toleration/continuation decision Chapter 2 Planning Chapters 3 & 4 Gain an thought of the client Identify significant accounts and transactions Set planning corporality Identify what can go  wrong Gain an understanding of key intern! al controls rail an audit outline transaction Chapter 5 Chapters 611 Audit evidence Controls strategy Chapters 7 & 8 Substantive strategy Chapters 911 Audit sampling Chapter 6 Concluding and reporting Chapter 12 Subsequent event identification Conclusions Reporting Audit assist in Focus 89 Cloud 9 coarse news! announces Sharon Gallagher at...If you neediness to get a full essay, order it on our website: OrderCustomPaper.com

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