H1 (86) Audit Complete Revision Notes

Description

I got a mark of 86 for Audit in Semester 2 2019. Audit focuses a lot on applying theory to analyze real-life cases. It is therefore very important that you not only understand the theory but also know HOW TO APPLY IT. And this note will help you with that! Each topic is summarized based on lectures, tutorials and textbook readings. I have tried to explain in details what each concept means, but also providing examples of how to apply those concepts as well as exam tips. Best of luck with your study! ********************************************************** Topics covered include: Topic 1: Introduction to Auditing Topic 2: Professional Role, Ethics and Legal Liability Topic 3: Audit Planning – Client Acceptance and Continuance Topic 4: Audit Planning – Risk Assessment Phase Topic 5: Audit Planning – Audit Evidence Topic 6: Tests of Controls and Sampling Topic 7: Substantive Procedures and Sampling Topic 8: Substantive Procedures, Balance Sheet Accounts Topic 9: Substantive Procedures, Income Statement Accounts Topic 10: Audit Conclusion Topic 11: Audit Opinion