Audit of ABC Learning

Audit of ABC Learning

INTRODUCTION
 The analysis of the financial statement of ABC limited is the ultimate purpose of this
presentation.
 The duties of the auditor is limited to comment on the financial statement. i.e. showing
true or fair view or not.
 The following presentation is based on the case study of ABC Learnings.
 The presentation will help in the understanding importance of the laws and regulations
laid down by the statute and to defend involvement in any malpractices.
 ASA 200, ASA220, ASA230, ASA 315, ASA 500 etc. are some relevant audit
standards, which has substantial relevance in this case.

LITERATURE REVIEW
 In this section of the lecture discussion will be made in respect of the relevant Auditing
standards that are applicable on the auditor conducting audit of the company under the
given circumstances
a) ASA 200(quality control for an audit of financial report and other historical
financial information)
b) ASA 220(quality control for an audit of financial report and other historical
financial information)
c) ASA 230 (Audit documentation)

LITERATURE REVIEW
d) ASA 315 (Identifying and assessing the risk of material misstatement through
understanding the environment and its environment)
e) ASA 500 (Audit Evidence)
f) ASA 240 (consideration of the laws and regulations in the audit of a financial
report)