Report on Auditing and Its Issues
Added on 2020-02-24
9 Pages2039 Words51 Views
AUDITING AND ITS ISSUESStudent Name: Student ID:
EXECUTIVE SUMMARYThe title of this report is auditing and its issues. As the title suggest, the concept of auditing hasbeen focused throughout the report. The main aim of the report is to analyze what type of theaudit planning issues shall be considered by the auditor before starting up the audit and which arerequired to be mentioned in the audit checklist. The second aim is to discuss the various types ofaudit risk that come during the preliminary assessment. The third major aim is to depict theconnection between the auditing and the disclosure of the financial information. With these aims,the report has been prepared.
ContentsEXECUTIVE SUMMARY.................................................................................................................................2INTRODUCTION...........................................................................................................................................4AUDIT PLANNING ISSUES.............................................................................................................................4City Limited..............................................................................................................................................4Web Limited............................................................................................................................................5Beauty Pty Limited...................................................................................................................................5RISK ASSESSMENT AND RELATED ISSUES....................................................................................................5General Issues – Approach......................................................................................................................5Risk Assessment relation with Approach.................................................................................................6Audit Procedures.....................................................................................................................................6AUDITING AND FINANCIAL INFORMATION..................................................................................................7Auditing...................................................................................................................................................7Communication of Financial Information................................................................................................7Relation...................................................................................................................................................7CONCLUSION AND RECOMMENDATION.....................................................................................................8REFERENCES................................................................................................................................................8
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