Pass Events
With the economy in distress due to the COVID-19 pandemic and global instability, one of the most challenging tasks for Auditors in financial reporting is the Audit Completion Process which includes the Evaluation of Final Misstatements, Evaluation of Subsequent Events and the Use of Going Concern Assumption, Management ‘s integrity and their representations, and the impact on the Audit Conclusion.
AUDIT COMPLETION PROCEDURES Read More »
Materiality is fundamental to an audit and is applied in planning and performing audits, as well as evaluating the effect of misstatements on the accounts.
DETERMINING MATERIALITY IN AUDIT Read More »
Auditors shall design and perform audit procedures in such a way as to enable the auditor to obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the auditor’s opinion. Audit evidences obtained must be relevant to the assertions and the risks identified during the Risk Assessment Process.
AUDIT EVIDENCE AND SAMPLING Read More »
One of the standard that saw significant changes when the Clarified Standards were issued is ISA 600 on the auditor’s responsibility for group financial statements, including…
AUDIT OF GROUP FINANCIAL STATEMENTS ISA 600 (Revised & Redrafted) Read More »
Professional and technical competency is one of the corner stone of the audit profession As adequate job knowledge is vital for any audit staff to perform their task effectively and …
AUDIT COMPLETION GOING CONCERN, SUBSEQUENT EVENTS AND AUDIT OPINIONS Read More »
Professional and technical competency is one of the corner stone of the audit profession As adequate job knowledge is vital for any audit staff to perform their task effectively and …
AUDIT OF INCOME STATEMENT ITEMS, LIABILITIES AND RELATED PARTIES Read More »
Professional and technical competency is one of the corner stone of the audit profession. As adequate job knowledge is vital for any audit staff to perform their task effectively and …
Professional and technical competency is one of the corner stone of the audit profession. As adequate job knowledge is vital for any audit staff to perform their task effectively and …
The corner stone of an efficient and effective audit is the planning stage, which unfortunately have been overlooked by public practitioners over the years. This had amongst others, resulted in the inability to identify key risk areas and …
PLANNING & RISK ASSESSMENT IN AUDITS OF FINANCIAL STATEMENTS Read More »
Professional and technical competency is one of the corner stone of the audit profession. As adequate job knowledge is vital for any audit staff to perform their task effectively and …