Hi Amanda. Just a few days ago I've got Grade A, 88 marks in IT Auditing module and would like to thank you for effective, efficient and relevant videos . You are the best!
I am watching from Zambia. I'm now working for a finance company as Internal Auditor. Your easy to understand explanation helped me to score 76% in my 2018 Auditing professional exam. Congratulations on your award .
@@amandalovestoaudit Thanks I am also from Russia, I am a small business owner, what you are explaining is gold, I got my hair went grey because people here tend to steal a lot at the workplace. I know some companies went bankcrupt due to the internal enternal employee frauds and thefts.
Thanks Amanda. :) Using this and some of your other videos in our classroom. Thanks so much for sharing your knowledge. You are such an awesome person and fabulous lecturer.
What an amazing session. Please start a series on the new global internal audit. I can watch this more than Netflix. Have seen a lot others but hands down
You explain every concept like crystal clear and i really appreciate the efforts and untiring efforts for the people around and much respect for the auditing and auditing aspirants. Love and respect from Pakistan!
I just wanna say thank you very much for posting all these videos. I just got my results for my auditing unit last semester on my final year or university and I got a 86%. The exam was really difficult and I only got a 72% on that, but I still appreciate all the help that your videos have given me throughout my whole semester. An 86% is one of the highest marks on my cohort.
Hi Amanda, can you make a video explaining the five components of internal control? Thanks in advance. You are making a huge difference in our lives by spreading your knowledge with us.
Amanda you are an ANGEL, no wonder you won the teaching award. This video did help me a lot. Thank you so much.♥️ I also would like to know if you know articles or any other information that talk about purpose and value of statutory audit in 2021, once again thank you so much for the wonderful video.
Hi - this is a good piece about audit in the COVID19 era - www.forbes.com/sites/deloitte/2020/09/24/building-resilience-the-importance-of-audit-during-times-of-disruption/?sh=7d9322ab75a5
Amanda, what you are defining is what we in Quality Management refer to as the Plan Do Check Act (PDCA) Process, where the internal control could be part of the Do function and the monitor part of the check function. What is missing from you definition of process internal control is the Act function relative to Checking or Monitoring the process and its relative controls This missing bit is extremely important as it completes the cycle of PDCA, and results in Continual Improvement of the process. I see this quite a lot where controls are implemented and monitored, however. failure or concern of failure discovered from monitoring and measurement, is not necessarily identified as a required action as it would be in the PDCA cycle. ..... This does not mean there needs to be action taken for every single hiccup in the process, however monitoring results should always rise to the level of reporting, where management can determine if there is reasonable need to act. Thanks TJ
Good afernoon Dr. Whte, congratulatios on your reward. I am really glad you are a partof the overall accounting profession, which includes the ever-important auditing (in the USA). I am watching your videos as partof my additional resources for studying auditing. Thank you for posting the videos.
Your videos are very useful and provide lots of information. I have received lots of help after watching this post, please continue to share this kind of information. Thank you.
You can add Congo Kinshasa on that list dear! We normally speak french down here but watching your videos made me glad I learnt English. You make it all so easy
Hi Amanda! You are excellent in presenting this information in an easily digestible format. Although I have been auditing in the Federal sector for over 30 years, this is great material for helping me to train and mentor my staff. Thank you! Paul
Hi Amanda, your videos are really helpful in understanding the internal controls and audit procedures. It helped me a lot in learning about the audit control testing. I did my internship into this role but didn't understand much over there. But when I watched your videos, I can be able to relate the work i performed and suddenly it all makes sense and I am able to connect the dots where I was lacking. I have an interview in the coming days in the similar role, any tips or advice or any suggestions you would like to give me and how I can prepare for my interview. I would really appreciate your response on this.
I detect at customer officer at the bank that reading the system that some of my money in my ATM is something wrong. Let us say that my money is missing. Then I complain after 14 days they do not give the satiesfied answer. Then I try to go to the next step watching at CCTV. What should I do as an auditor
Thank you Amanda! This is explained so brilliantly. Would you agree that preventive and detective controls are not mutually exclusive in certain cases. They may work hand in hand. For the first risk example where you referenced preventive being the desired control, the security camera example looks to me more like a detective control than preventive. I am curious to hear your thoughts. And of course this will depend on how the security camera is managed
Question: Is there a procedure that controls whether the Administrator who manages the ERP software has the right to view confidential company information?
It would be in what permissions various security profiles are given. And for confidential information - an access log and audit trail of who views such information should also be kept.
I have a question that might not become answered, but assertions and test of controls, how are we to categorise them, they both seem to be thorough audit exercises, but do we do them at the same time, at the same stage, how do we tell them apart? Thank you
Hello friends, Thanks for your suggestions for 1 case: 1 / A large company has 4 factories 50km apart. The company has issued a regulation: For the delivery note delivered to the customer, there must be 3 signatures, including: The warehouse keeper, the plant director, the general director of the company. In the near future, if this company will apply ERP, can this process be improved on ERP? The output frequency is 300 coupons / week. Note: The CEO is very busy so he has very little time to sign. Thank you.
Hi Amanda, Your video is very interesting. Would you make a video to explain a. Internal Control Design Test b. Internal Control In-Effect Test c. Internal Control Effectiveness Test I believe this ties down with PCAOB paragraph 20 of Auditing Standard No. 12. What I understand is a. Performs certain procedures to obtain evidence of the internal control design effectiveness. b. In-Effect test means that the internal control is actually being used by the organization. c. Effectiveness Test means that the internal control is successfully producing the desired result. Not sure if I understand correctly and if so would like to have a better understanding. Thank you, I really appreciate it.
Hi, was wondering if you could help with this question please, Richard (CPA) has been appointed junior auditor of Accounting Solutions Limited (ASL) his first task is to review an audit client to ensure independence requirements are being met under APES110 code of ethics for professional accountants. His review has revealed the following ASL has recently been approached by Company B to conduct its Audit to which ASL has agreed. John is one of the audit partners at ASL. Johns wife Jane has recently received shares in Company B as a GIFT, being aware of this ASL will not be assigning John to the Audit team of Company B. Identify threat(s) and safeguards if there are any Provide an objective assessment
Hi! Unfortunately I don’t provide solutions to questions that are likely homework or assessment questions. However, feel free to post your analysis and I’d be happy to provide some general feedback ☺️ (Students don’t learn as well when the teacher provides all the answers ☺️)
Hey Amanda… how do I become a good internal auditor? Right now, All I’ve been doing at my place of work is practically field work, stock count and do some checking on posted vouchers such as OPVs and petty cash, also check inventory records on Tally ERP. I really want to do more? Anything that could help me?
Hey Amanda. May you please make a video about Public Sector Auditing? Especially its application to legislation such as PFMA , Companies Act and National Treasury
I always love your lectures , sometimes I forgo my other important things for much more important lectures of yours Amanda , my GOD bless you abundantly and may you live long
Dr Amanda THANK YOU for the time and effort you put into preparing and editing these videos. They are super useful as I can improve both my English and auditing skills :) Greetings from Italy!!
Happy too listen to you ans to meet you I'm ''Kamal'' from Algérie... I'm in Audit since 90's.... But liké to improve m'y skills in English becquée I study ans work in french...
Happy to read from you Amanda... I am also fluent in arabic and my native language Berber... I really apppreciate what you do on your youtube channel...
Hi Amanda. Just a few days ago I've got Grade A, 88 marks in IT Auditing module and would like to thank you for effective, efficient and relevant videos . You are the best!
Great Job , can I have IT Audit Control Development
I am watching from Zambia. I'm now working for a finance company as Internal Auditor. Your easy to understand explanation helped me to score 76% in my 2018 Auditing professional exam.
Congratulations on your award .
Hey Charles - awesome! Make sure you check out Auditopia - lots of great free resources available there. That is an excellent score on your exam!
@@amandalovestoaudit Thank you. I will do that in a few minutes.
You literally saved my degree
APPRECIATION COMMENT ALL THE WAY FROM SOUTH AFRICA
You’re the one doing the hard work of learning - don’t sell yourself short! ☺️
Hi Amanda, I'm from Russia and really glad, that I found your channel!) Thank you for the easy submission of the internal control information)
You're so welcome Svetlana - thank you for watching and leaving a comment 😊
@@amandalovestoaudit Thanks I am also from Russia, I am a small business owner, what you are explaining is gold, I got my hair went grey because people here tend to steal a lot at the workplace. I know some companies went bankcrupt due to the internal enternal employee frauds and thefts.
Thanks Amanda. :) Using this and some of your other videos in our classroom. Thanks so much for sharing your knowledge. You are such an awesome person and fabulous lecturer.
Hi Dr Amanda ,I 'm from Ethiopia ,Really appreciate for simple and clear knowledge sharing teaching method.
Hi Amanda I'm from Ghana, just been appointed as an internal Auditor. Glad to be here
Just want to thank you all the way from South Africa.
Thank you Riaan! 🙏❤️
Love your passion for audit and teaching. Your videos are simple and clear. I say it’s bang on
Thank you so much for your kind words Priya 🙏☺️
What an amazing session. Please start a series on the new global internal audit. I can watch this more than Netflix. Have seen a lot others but hands down
omg you put in in the simplest yet most on-point manner! THANK YOU
You explain every concept like crystal clear and i really appreciate the efforts and untiring efforts for the people around and much respect for the auditing and auditing aspirants.
Love and respect from Pakistan!
Great instructor giving excellent clarity
I know that its 2 years ago but congratulations and thank you for sharing your knowledge with us.
I just wanna say thank you very much for posting all these videos. I just got my results for my auditing unit last semester on my final year or university and I got a 86%. The exam was really difficult and I only got a 72% on that, but I still appreciate all the help that your videos have given me throughout my whole semester. An 86% is one of the highest marks on my cohort.
Fantastic result - congratulations!!!!
Thank you Amanda. Your explanation and approach are clear and systematic.
Congratulations Dr Amanda....You really deserve that award!👑🎉
Thanks Moloko 😊
Hi Amanda, can you make a video explaining the five components of internal control? Thanks in advance. You are making a huge difference in our lives by spreading your knowledge with us.
congratulations Amanda, well done !!!! I have been watching your videos since my 1st year. I am an honors student now. Thank you.
Congrats on doing Honours Gladys - a real achievement 👏👏👏
Why will anyone opt for detective control is there is preventive control?
Amanda you are an ANGEL, no wonder you won the teaching award. This video did help me a lot. Thank you so much.♥️
I also would like to know if you know articles or any other information that talk about purpose and value of statutory audit in 2021, once again thank you so much for the wonderful video.
Hi - this is a good piece about audit in the COVID19 era - www.forbes.com/sites/deloitte/2020/09/24/building-resilience-the-importance-of-audit-during-times-of-disruption/?sh=7d9322ab75a5
Amanda, what you are defining is what we in Quality Management refer to as the Plan Do Check Act (PDCA) Process, where the internal control could be part of the Do function and the monitor part of the check function.
What is missing from you definition of process internal control is the Act function relative to Checking or Monitoring the process and its relative controls
This missing bit is extremely important as it completes the cycle of PDCA, and results in Continual Improvement of the process.
I see this quite a lot where controls are implemented and monitored, however. failure or concern of failure discovered from monitoring and measurement, is not necessarily identified as a required action as it would be in the PDCA cycle.
.....
This does not mean there needs to be action taken for every single hiccup in the process, however monitoring results should always rise to the level of reporting, where management can determine if there is reasonable need to act.
Thanks
TJ
Good afernoon Dr. Whte, congratulatios on your reward. I am really glad you are a partof the overall accounting profession, which includes the ever-important auditing (in the USA). I am watching your videos as partof my additional resources for studying auditing. Thank you for posting the videos.
Hi Amanda thanks a lot for your explanation. You make it so easy to understand about auditing.
I love the hand writing!!
Your videos are very useful and provide lots of information. I have received lots of help after watching this post, please continue to share this kind of information. Thank you.
Thanks Mandy, you just saved my job - Hudzani in South Africa
Hi from Haiti 🇭🇹 Thanks for sharing
Congratulations on the award Amanda
Thanks Grace!
Thanks Amanda. with this video it would a soft landing to start the task
Congratulations dear, u have worked so hard to deserve such an enviable award.
Thank you!
Hi Amanda your videos are really helpful as they clear all the doubts even for beginners.
Appreciation and thanks all the way from India !!!
You can add Congo Kinshasa on that list dear! We normally speak french down here but watching your videos made me glad I learnt English. You make it all so easy
Merci Arafat! (That is the extent of the French I can remember from learning when I was 12 😂)
Hi, can it be both preventive and detective for the same risk? Thanks
Amanda, love, thanks and respect from Egypt 🇪🇬🙏❤
Thank you Mostafa!
U are an angel,,now I start liking auditing,,thanks DR
Yay - it’s great to like audit 😁
Amanda, your videos are excellent. I am ACCA student from Abuja, Nigeria.
Hi Amanda! You are excellent in presenting this information in an easily digestible format. Although I have been auditing in the Federal sector for over 30 years, this is great material for helping me to train and mentor my staff. Thank you! Paul
I'm from Sierra Leone, watching your youtube channel. What a good presentation
Thank you!
Hi Amanda, your videos are really helpful in understanding the internal controls and audit procedures. It helped me a lot in learning about the audit control testing. I did my internship into this role but didn't understand much over there. But when I watched your videos, I can be able to relate the work i performed and suddenly it all makes sense and I am able to connect the dots where I was lacking. I have an interview in the coming days in the similar role, any tips or advice or any suggestions you would like to give me and how I can prepare for my interview. I would really appreciate your response on this.
This is exactly what I needed . Thank you 💛💛
I’m glad you found me! Good luck in your studies ☺️
Thanks alot mam
You are a blessing for all aspiring auditors
Love from Pakistan
I detect at customer officer at the bank that reading the system that some of my money in my ATM is something wrong. Let us say that my money is missing. Then I complain after 14 days they do not give the satiesfied answer. Then I try to go to the next step watching at CCTV. What should I do as an auditor
Interesting. How to audit accounting department at vocational education. Is it the same
Great lectures and congratulations. I'm following up from Cameroon. I'm Cameroonian...
Hey Munya! Thanks for watching!
You are an amazing teacher
Hi Amanda i am from Ethiopia thank you your explanation about audit concept
Congratulations, well deserved!
Much appreciated from Zambia
Really great stuff, from Zimbabwe with love.
Thank you Munyaradzi!
Thank you Amanda! This is explained so brilliantly. Would you agree that preventive and detective controls are not mutually exclusive in certain cases. They may work hand in hand. For the first risk example where you referenced preventive being the desired control, the security camera example looks to me more like a detective control than preventive. I am curious to hear your thoughts. And of course this will depend on how the security camera is managed
London here. Really appreciate your videos.
Glad you like them! Enjoy the easing up of restrictions in the UK!
Hi Amanda, can you help me understand what type is risk is mitigated by reconciliation processes.
Thank you. Would you pls make video on men haircut salon and spa internal control system from Ethiopia
Thank you dr. I'm a student from Cagayan State University in the Philippines your explanation is so easy to get pls upload more
Thank you Dr Amanda you have helped me a lot I'm from Malawi Southern part of Africa.
Watching from Ghana. I love your videos
Thank you Rosemary! ❤️
Question: Is there a procedure that controls whether the Administrator who manages the ERP software has the right to view confidential company information?
It would be in what permissions various security profiles are given. And for confidential information - an access log and audit trail of who views such information should also be kept.
I have a question that might not become answered, but assertions and test of controls, how are we to categorise them, they both seem to be thorough audit exercises, but do we do them at the same time, at the same stage, how do we tell them apart? Thank you
You make it simple. Thank you!
That 3:52 was really cute ❤❤
Thank you from Philippines
You’re welcome!
So what do i need to look for in order to get into a profession like this with theses tips and this type of work?
Love you Amanda you really inspire me ❤️❤️
Congrats on your award!
Hi Amanda. What are internal controls? (Asked in an interview)
Absolutely fantastic video thank you so much !
I love you so much
Been trying to get this for the past 7hrs
Really interesting to here how you describe it and new to me as a developer. - Could you describe why would you choose prevent or detect?
Dr Amanda. Greetings from Malaysia. Love your passion. Kudos to your shout out for MIE :)
Congratulations Dr.
Thank you!
Watching from Madagascar! Thank you so much!
Thank you Hasina!
Mam, do you have a video where you explain how to identify weeknesses of IT general controls?
Just this one
3 methods to identify internal control weaknesses
th-cam.com/video/GwbdZgAYCBc/w-d-xo.html
Thank you so much❤️
Thanks for this helpful presentation 👍
I am from cameroon and love your videos, which very helpfull for us 🇨🇲🇨🇲
Thank you Verdrick!
How can I become a good internal audit officer versed in internal control and risk best practices
Great video thank you very much
Hello friends,
Thanks for your suggestions for 1 case:
1 / A large company has 4 factories 50km apart. The company has issued a regulation: For the delivery note delivered to the customer, there must be 3 signatures, including: The warehouse keeper, the plant director, the general director of the company. In the near future, if this company will apply ERP, can this process be improved on ERP? The output frequency is 300 coupons / week.
Note: The CEO is very busy so he has very little time to sign.
Thank you.
That is so awesome to hear - congratulations!!!
Dear Friends, I have a question: 1/ Which department will be responsible for implementing compliance functionality in the GRC?. Thank you.
nice tutor Amanda.. its helpfull.. thanks..
By the way
I just found your channel
Lucky me
I am watching and following from Kuwait 🇰🇼
Hi Amanda, Your video is very interesting. Would you make a video to explain
a. Internal Control Design Test
b. Internal Control In-Effect Test
c. Internal Control Effectiveness Test
I believe this ties down with PCAOB paragraph 20 of Auditing Standard No. 12.
What I understand is
a. Performs certain procedures to obtain evidence of the internal control design effectiveness.
b. In-Effect test means that the internal control is actually being used by the organization.
c. Effectiveness Test means that the internal control is successfully producing the desired result.
Not sure if I understand correctly and if so would like to have a better understanding.
Thank you, I really appreciate it.
Hi, was wondering if you could help with this question please,
Richard (CPA) has been appointed junior auditor of Accounting Solutions Limited (ASL) his first task is to review an audit client to ensure independence requirements are being met under APES110 code of ethics for professional accountants. His review has revealed the following
ASL has recently been approached by Company B to conduct its Audit to which ASL has agreed. John is one of the audit partners at ASL. Johns wife Jane has recently received shares in Company B as a GIFT, being aware of this ASL will not be assigning John to the Audit team of Company B.
Identify threat(s) and safeguards if there are any
Provide an objective assessment
Hi! Unfortunately I don’t provide solutions to questions that are likely homework or assessment questions.
However, feel free to post your analysis and I’d be happy to provide some general feedback ☺️
(Students don’t learn as well when the teacher provides all the answers ☺️)
Thank you
Examples were very relatable
Brazil here. Thanks for the content.
Thank you for watching!
Congratulations 🥳!!!!!
Thank you Vishal!
Hey Amanda… how do I become a good internal auditor? Right now, All I’ve been doing at my place of work is practically field work, stock count and do some checking on posted vouchers such as OPVs and petty cash, also check inventory records on Tally ERP. I really want to do more? Anything that could help me?
Wow! Congratulations
Great content. Really great. Love how Rode gets a cameo in this one. :)
Thanks Colin!
Thanks for your video, I learned a lot. From East Timor.
Hi Amanda, your video is very good, can you provide a reference that you use to learn auditing.
Hey Amanda. May you please make a video about Public Sector Auditing? Especially its application to legislation such as PFMA , Companies Act and National Treasury
I always love your lectures , sometimes I forgo my other important things for much more important lectures of yours Amanda , my GOD bless you abundantly and may you live long
Thank you so much for the kind words!
How about restaurant internal control?
Dr Amanda THANK YOU for the time and effort you put into preparing and editing these videos. They are super useful as I can improve both my English and auditing skills :) Greetings from Italy!!
Ciao Claudia! Thank you for watching 🙏☺️
I am from Liberia, and very interested in the study of internal control
Amanda I love your content.
Could you make a video on Audit of taxes and the correct entries for them?
Oooh - this is an interesting one! I’ve added it to my list of requests ☺️
stay safe amanda. Great lecture
Happy too listen to you ans to meet you I'm ''Kamal'' from Algérie... I'm in Audit since 90's.... But liké to improve m'y skills in English becquée I study ans work in french...
I am always impressed by bilingual folks!
Happy to read from you Amanda... I am also fluent in arabic and my native language Berber... I really apppreciate what you do on your youtube channel...
Thankyou Amanda.