2 - Introduction to auditing.pdf - Introduction Introduction to Auditing Auditing \u00a9 2014 Edge Business School a South African company All rights reserv

2 - Introduction to auditing.pdf - Introduction...

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© 2014 Edge Business School , a South African company. All rights reserved. This presentation is protected by copyright. Introduction to Auditing Auditing © 2014 Edge Business School , a South African company. All rights reserved. This presentation is protected by copyright. Introduction Structure The need for auditors Objective of the audit Assurance International framework for assurance engagements Elements of an assurance engagement Auditing postulates ISA 200 - requirements Audit process © 2014 Edge Business School , a South African company. All rights reserved. This presentation is protected by copyright. Structure Auditing © 2014 Edge Business School , a South African company. All rights reserved. This presentation is protected by copyright. Structure of pronouncements Auditing Profession Act Companies Act and Close Corporation Act King Code on Corporate governance Constitution & by-laws of SAICA SAICA & IRBA codes International standards (ISA, ISRE, ISAE, ISRS, IAPS, SAPS, ISQC) – prepared by IAASB JSE listing requirements
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© 2014 Edge Business School , a South African company. All rights reserved. This presentation is protected by copyright. Role of the ISA’s Provide the standards for the auditor's work in fulfilling the overall objectives of the auditor General responsibilities of the auditor Auditor's further considerations relevant to the application of those responsibilities to specific topics Interrelationship between ISA’s Complying with all relevant ISA’s © 2014 Edge Business School , a South African company. All rights reserved. This presentation is protected by copyright. Standards Structure of pronouncements Preface to pronouncements International framework for assurance engagements Glossary of terms To go through as we go through the course ISA 200 © 2014 Edge Business School , a South African company. All rights reserved. This presentation is protected by copyright. The need for auditors Auditing © 2014 Edge Business School , a South African company. All rights reserved. This presentation is protected by copyright. The need for auditors Financial Statements are used by various stakeholders to make economic decisions Management prepares the financial statements The auditor provides assurance (credibility) to the users that the information in the financial statements is reliable EG buying a car online EG investing in a business
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© 2014 Edge Business School , a South African company. All rights reserved. This presentation is protected by copyright. Audit Statutory Required to be audited Companies Act – Public interest score Non-Statutory Voluntarily choose to be audited (MOI requirements) © 2014 Edge Business School , a South African company. All rights reserved. This presentation is protected by copyright.
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  • Spring '19
  • Edge Business School

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