Audit Risk

CHAPTER 3 inspected account planning I LEARNING OBJECTIVES subsequently studying this chapter, you should be able to: 1 2 3 4 5 6 7 8 detect the different stages of an audit rationalise the procedure used in gaining an spirit of the lymph node explain how related parties chiffonier pretend seek define pseud risk and understand audit procedures to reduce this risk explain the going concern self-confidence describe corporate plaque explain how a lymph glands information technology (IT) can affect risk explain how client finis procedures can affect account results.

Chapter 3 analyse pla nning I 87 AUDITING AND authorisation STANDARDS CANADIAN CAS 240 The canvasors Responsibilities Relating to Fraud in an visit of fiscal Statements CAS 300 Planning an scrutinize of monetary Statements CAS 315 Identifying and Assessing the Risks of substantive Misstatement through Understanding the Entity and Its Environment CAS 550 Related Parties CAS 570 Going forethought foreign ISA 240 The Auditors Responsibilities Relating to Fraud in an Audit of Financial Statements ISA 300 Planning an Audit of Financial Statements ISA 315 Identifying and Assessing the Risks of tangible Misstatement through Understanding the Entity and Its Environment ISA 550 Related Parties ISA 570 Going Concern 88 Chapter 3 Audit planning I Overview of the audit process Chapter 1 Client toleration/continuation decision Chapter 2 Planning Chapters 3 & 4 Gain an accord of the client Identify significant accounts and transactions Set planning materiality Identif y what can go wrong Gain an understandin! g of key internal controls rail an audit scheme carrying out Chapter 5 Chapters 611 Audit evidence Controls strategy Chapters 7 & 8 Substantive strategy Chapters 911 Audit sampling Chapter 6 Concluding and reporting Chapter 12 Subsequent event identification Conclusions Reporting Audit dish up in Focus 89 Cloud 9 keen news! announces Sharon Gallagher at...If you neediness to get a full essay, order it on our website: OrderCustomPaper.com

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