Hi. If I don't remember wrong, you've said that auditors must gather evidence which cover all assertions. Is this true for every account, regardless of the risk? E.g. 1: an account, which is not a significant risk but the value exceeds the materiality level. E.g. 2: an account which fall belows materiality, and does not have any significant risk.
Hi FlatTube! When it comes to immaterial accounts - eg petty cash in a top 100 company - there is the option to skip auditing it altogether. But for an account that is material - though not specified by the standards - I would recommend gathering evidence for all of the assertions related to the account.
Done watching. Thank you for this concise yet informative lecture.
hope you will get rewards for what you uploading! thanks sister
You’re welcome Abdul! Thanks for watching and leaving a comment 🙏
Thanks for rehashing what's in the explanatory paragraphs
your auditing videos are incredible
Awww thank you ☺️
Done watching. Thank you for this video.🤗
Thank you for this. Done watching!
You dont try to overteach, straight to the point. Thank you!
Great video! Thank you for this!
Great discussion! Thank you for this.
Done watching, thank you for this.
Another great informative video! Thanks
You're welcome!
This video covers almost all the process..
Thank you for your dedication and knowledge
You’re welcome Manvish!
Great video. Worth it to watch as you can learn additional knowledge. Thank you for your efforts :)
Thank you for this. It helps a lot💙
Thank you for this very informative video!
Just done watching, very informative :))
done watching
Done watching po. Thank you for the informative lesson.
Is test of control may be omitted? Why?
What about substantive testing?
Hi Cristine - you can do an audit that is only substantive testing, but you cannot complete an audit that is test of controls only.
Thank youuu ❤
A great video.
Thanks Yasheen - I really appreciate you leaving a comment 😊
Done watching.
我很喜欢你的审计课程。谢谢您！！！
lich accakaven thanks for your comment - however I don’t read Chinese. I’ll work on getting it translated 😊
Ah - the translation
“ I really like your audit course. Thank you! ! !”
You are welcome!
Hi. If I don't remember wrong, you've said that auditors must gather evidence which cover all assertions. Is this true for every account, regardless of the risk? E.g. 1: an account, which is not a significant risk but the value exceeds the materiality level. E.g. 2: an account which fall belows materiality, and does not have any significant risk.
Hi FlatTube!
When it comes to immaterial accounts - eg petty cash in a top 100 company - there is the option to skip auditing it altogether. But for an account that is material - though not specified by the standards - I would recommend gathering evidence for all of the assertions related to the account.
Done watching. Thank you for this po :)
i am junior auditor, and i still don't know. how to identify risk. can you teach me how?
Hi Ismail - have you checked out my full lecture on identifying risks? th-cam.com/video/fryzUXte8U4/w-d-xo.html
Done watching
Thank you for this very informative video.😊
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