AAA116 list of activities - AAA116 Activities Activity Title Page 1.1 Identifying assurance engagements 1-1 1.2 Applying professional scepticism and

AAA116 list of activities - AAA116 Activities Activity...

  • Monash University
  • AAA 116
  • anthz1
  • 3
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AAA116 list of activities Page 1 of 3 AAA116 – Activities Activity Title Page 1.1 Identifying assurance engagements 1-1 1.2 Applying professional scepticism and professional judgement 1-5 2.1 Consultation and documentation 2-1 3.1 Identifying and safeguarding against threats to independence 3-1 3.2 Outlining the terms of audit engagements 3-7 4.1 Understanding the entity and its environment – inherent and control risks 4-1 4.2 Identifying internal control strengths and weaknesses in a sales process 4-6 5.1 Identifying risk at the assertion level 5-1 5.2 Identifying risk at the financial statement level 5-7 5.3 Identifying risks in accounting for estimates 5-12 6.1 Identifying fraud risks 6-1 6.2 Assessing fraud risks 6-5 7.1 Identifying materiality factors and benchmarks 7-1 7.2 Revising materiality 7-9 8.1 Outlining the nature and timing of audit procedures 8-1 8.2 Updating the audit strategy and audit plan 8-7 9.1 Identifying risks, controls and appropriate tests of controls 9-1 9.2
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  • '19
  • Financial audit

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