Audit of ABC Learning INTRODUCTION

Audit of ABC
Learning

INTRODUCTION
• The main purpose is to analyse the financial statement of
a company.
• The primary accounting theme that is being explored is
the accounting fraud and malpractice.
• The following presentation is based on the case study of
ABC Learnings.
• This presentation is helpful in assessing the significance
of adhering to the laws and regulations laid down by the
statute and not getting involved in any malpractices.
• The relevant auditing standards have been applicable in
this case.

LITERATURE REVIEW
In this part 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
Some of the relevant standards are
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
a) ASA 315 (Identifying and assessing the risk of
material misstatement through understanding the
environment and its environment)
b) ASA 500 (Audit Evidence)
c) ASA 240 (consideration of the laws and regulations
in the audit of a financial report)