Completing the audit_and professional judgment

Completing the audit_and professional judgment - Completing...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Click to edit Master subtitle style 8/22/11 Completing the audit and professional judgment OVERVIEW
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
8/22/11 Last time – what have we learned so far What is audit and why it exists Three steps of the audit – planning, performing, reporting Planning of the audit – understanding of client, risk assessment, audit risk model, materiality, and audit plan Performing the audit – overview, evidence, documentation, and
Background image of page 2
8/22/11 What you will learn in ACIS 4414 Focus on performing and completing the audit Examine testing in details for different cycles such as: sales and collections, payroll and personnel, cash, etc. Learn about sampling
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
8/22/11 Completing the audit -overview Completion of the audit includes: Wrap up procedures Reporting
Background image of page 4
8/22/11 Wrap-up procedures Review for contingent liabilities (e.g., settlements, judgments) Review for subsequent events Type 1 Type 2 Final going-concern judgment (e.g., evidence of problem and management plans to mitigate the
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 08/22/2011 for the course ACIS 3414 taught by Professor Yardley during the Spring '08 term at Virginia Tech.

Page1 / 18

Completing the audit_and professional judgment - Completing...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online