Hi Amanda, you will not know how much I appreciate this one hour of watching this video. I am taking the CA Audit paper next week, I have read the whole study guide and studied all the course materials and still didn't know what I was reading... You definitely rock!!!! Best lecturer I have ever seen!! I cannot thank you enough..
Thank you for making these lectures so so fun to go through Amanda. I am giving my advanced audit exam in a month and when i gave my first audit paper a year ago, your lectures helped me immensely just like they are doing this time around too. Forever grateful to you!! :)
Australian Auditing Standards (AAS) is discussed in this video. In the US, Generally Accepted Auditing Standards (GAAS). GAAS are established by the American Institute of Certified Public Accountants (AICPA) GAAS encompasses a series of standards and guidelines that provide a framework for auditors to conduct audits effectively, maintain independence and objectivity, and issue reliable audit reports. These standards cover : -planning and performing the audit, -gathering audit evidence, -evaluating internal controls, -and reporting on audit findings. Similar to AAS, GAAS aims to ensure the quality, integrity, and reliability of financial statement audits. Adherence to GAAS is required for auditors conducting audits of publicly traded companies registered with the Securities and Exchange Commission (SEC) in the United States.
This is a great episode and we are blessed to have you tutor us. My question is, when we have high IR X high CR, how do we design an audit to capture these error? do we circle back to improve the controls or what do we do? if we circle back, do we have templates or frameworks to guide on control selections? Also, can you show us a live video on how to read financial statement on how to look for errors.
Oh ok - I won’t have anything like that for a while. This report from Deloitte is a good resource www2.deloitte.com/content/dam/Deloitte/in/Documents/tax/in-tax-helping-you-decipher-noexp.pdf
Hi Amanda, you will not know how much I appreciate this one hour of watching this video. I am taking the CA Audit paper next week, I have read the whole study guide and studied all the course materials and still didn't know what I was reading... You definitely rock!!!! Best lecturer I have ever seen!! I cannot thank you enough..
I'm so thankful that Audit are similar in every other country, that way I can watch this and understand auditing, thank you!
Thank you for making these lectures so so fun to go through Amanda. I am giving my advanced audit exam in a month and when i gave my first audit paper a year ago, your lectures helped me immensely just like they are doing this time around too. Forever grateful to you!! :)
Australian Auditing Standards (AAS) is discussed in this video. In the US, Generally Accepted Auditing Standards (GAAS). GAAS are established by the American Institute of Certified Public Accountants (AICPA)
GAAS encompasses a series of standards and guidelines that provide a framework for auditors to conduct audits effectively, maintain independence and objectivity, and issue reliable audit reports. These standards cover :
-planning and performing the audit,
-gathering audit evidence,
-evaluating internal controls,
-and reporting on audit findings.
Similar to AAS, GAAS aims to ensure the quality, integrity, and reliability of financial statement audits. Adherence to GAAS is required for auditors conducting audits of publicly traded companies registered with the Securities and Exchange Commission (SEC) in the United States.
You are making the subject look so simple and interesting otherwise a boring subject... thanks a lot
You’re welcome Parvesh and thank you for recommending these videos to your students!
Hi Amanda,
now I have leant from you that how I will train my staff to understand more on audit risk.
thank you
You’re welcome Somchai!
Hello Amanda, such a great video, it helped me in clearing so many of my doubts.
Loved your style of learning. THANK YOUUUUUUUU SO MUCH!!!
You’re so very welcome Priyansh! ☺️
Great work.....using them for my students..I am professor in finance ..the best so far
Very heady presentation and lecture. I gained more understanding about the AR. Shoutout to you👍👍👍
Thank you so much! This is so useful! Life changing!!
Thanks for watching Tiffany!
Thanks very much , really helped in understanding audit risk concept .
This is a great episode and we are blessed to have you tutor us. My question is, when we have high IR X high CR, how do we design an audit to capture these error? do we circle back to improve the controls or what do we do? if we circle back, do we have templates or frameworks to guide on control selections? Also, can you show us a live video on how to read financial statement on how to look for errors.
You are Excellent . Can you provide us with Practical case
risk assessment and work program?
Hi Mohamed - unfortunately I don’t have one that I can give away at this point.
Ma'am,you are doing a great job. Trust me, someday all of your efforts to make these videos gonna pay you! Love from Dubai. ❤️
Aww thank you for your lovely words 😊 🙏
Does every opinion require Emphasis of the matter or key audit matter if not what are guidelines that one must follow to determine the need for that?
Thank you so much!
You're welcome!
hai Ms.White can you please make a vedio on Internal Financial Controls
Hi bannu - do you mean controls over cash? Try here - th-cam.com/video/2Cf-KgSvxQk/w-d-xo.html 😊
@@amandalovestoaudit no IFC applicability and Internal Financial Controls over Financial reporting
Oh ok - I won’t have anything like that for a while. This report from Deloitte is a good resource
www2.deloitte.com/content/dam/Deloitte/in/Documents/tax/in-tax-helping-you-decipher-noexp.pdf
@@amandalovestoaudit Thank you sooo much
Haa murikurowa maworks doc .thumps up
Thank you madam.
You’re very welcome Ernest ☺️
Thanks!
You're welcome 😊😊
lyk frm Zimbabwe
Thank you Nomore 😊