AFM319: Auditing Notes

Description

These notes are a comprehensive summary of AFM319 compiled from lectures, lecture notes, and textbook readings. I received an HD in this unit with a mark of 93, so these notes are very high quality. They simplify complicated ideas, while explaining them succinctly. They will be beneficial to any student undertaking this unit, as it has a lot of content. The topics covered in these notes are: Topic 1 - Auditing and Assurance: The Profession and Regulation Topic 2 - Ethics and Auditing Topic 3 - Fundamental Concepts in Auditing Topic 4 - Understanding the Client and the Audit Process Topic 5 - Assessing Risk Topic 6 - Assessing and Testing Internal Control Topic 7 - Substantive Testing Topic 8 - Audit Sampling Topic 9 - Completing the Audit Topic 10 - Reporting the Outcome of the Audit