SlideShare una empresa de Scribd logo

Jzanzig auditing ch 13 lecture

•Descargar como PPT, PDF•
•
C
casahiljain1992
TecnologíaEmpresariales
1 de 16
Chapter 13 Overall Audit Plan and Audit Program
Presentation Outline ,[object Object],[object Object],[object Object],[object Object]
I. Application of Audit Testing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
A. Tests of Controls ,[object Object],[object Object],[object Object]
B. Testing for Monetary Misstatement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
C. Reduction of Risk ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
D. Audit Assurance at Different Levels of Internal Control Effectiveness Acceptable assurance No assurance INTERNAL CONTROL EFFECTIVENESS Weak control Strong control Reliance on controls: C 3 – None, C 2 – Some, C 1 – Maximum Audit assurance from control risk assessment and tests of control Audit assurance from substantive tests A C B C 3 C 2 C 1 AUDIT ASSURANCE
E. Simultaneous Testing of Controls and Substantive Testing of Transactions ,[object Object],[object Object],[object Object]
F. Timing of Audit Testing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
II. Selecting Tests to Perform ,[object Object],[object Object],[object Object]
A. The Cost of Testing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
B. Appropriate Evidence for Audit Testing Type of Test Procedures for internal control Tests of controls Substantive tests of transactions Analytical procedures Tests of details of balances Physical Examination Confirmation Documentation Observation Type of Evidence Inquiries of the client Reperformance Analytic performance                  
C. Risk and Testing in the Audit Process ,[object Object],[object Object],[object Object],[object Object]
III. Design of the Audit Program ,[object Object],[object Object],[object Object],Most audits design an audit program in the following three parts:
A. Tests of Controls and Substantive Tests of Transactions ,[object Object],[object Object],[object Object],[object Object],[object Object],Note: If control risk is assessed at 1.0, only substantive tests of transactions will be used in this part of the audit program.
B. Analytical Procedures ,[object Object],[object Object],[object Object],[object Object]

Recomendados

Chapter 11, Tests of Controls
Chapter 11, Tests of ControlsChapter 11, Tests of Controls
Chapter 11, Tests of ControlsSazzad Hossain, ITP, MBA, CSCA™
 
Arens12e 08
Arens12e 08Arens12e 08
Arens12e 08John Sy
 
External Audit
External AuditExternal Audit
External AuditIFAD International Fund for Agricultural Development
 
Audit Risk Assessment Chapter 9
Audit Risk Assessment Chapter 9Audit Risk Assessment Chapter 9
Audit Risk Assessment Chapter 9Sazzad Hossain, ITP, MBA, CSCA™
 
ISA 315
ISA 315ISA 315
ISA 315varuna177
 
Final (international standard on auditing 315)
Final (international standard on auditing 315)Final (international standard on auditing 315)
Final (international standard on auditing 315)Usama Abid
 
Chapter 12 - Designing Substantive Procedures
Chapter 12 - Designing Substantive ProceduresChapter 12 - Designing Substantive Procedures
Chapter 12 - Designing Substantive ProceduresSazzad Hossain, ITP, MBA, CSCA™
 
Audit plan and program
Audit plan and programAudit plan and program
Audit plan and programcasahiljain1992
 

Recomendados

Chapter 11, Tests of Controls
Chapter 11, Tests of ControlsChapter 11, Tests of Controls
Chapter 11, Tests of ControlsSazzad Hossain, ITP, MBA, CSCA™
 
Arens12e 08
Arens12e 08Arens12e 08
Arens12e 08John Sy
 
External Audit
External AuditExternal Audit
External AuditIFAD International Fund for Agricultural Development
 
Audit Risk Assessment Chapter 9
Audit Risk Assessment Chapter 9Audit Risk Assessment Chapter 9
Audit Risk Assessment Chapter 9Sazzad Hossain, ITP, MBA, CSCA™
 
ISA 315
ISA 315ISA 315
ISA 315varuna177
 
Final (international standard on auditing 315)
Final (international standard on auditing 315)Final (international standard on auditing 315)
Final (international standard on auditing 315)Usama Abid
 
Chapter 12 - Designing Substantive Procedures
Chapter 12 - Designing Substantive ProceduresChapter 12 - Designing Substantive Procedures
Chapter 12 - Designing Substantive ProceduresSazzad Hossain, ITP, MBA, CSCA™
 
Audit plan and program
Audit plan and programAudit plan and program
Audit plan and programcasahiljain1992
 
International Auditing Standards (ISA)
International Auditing Standards (ISA)International Auditing Standards (ISA)
International Auditing Standards (ISA)Manon Cuylits
 
Financial Statements Audit
Financial Statements AuditFinancial Statements Audit
Financial Statements AuditSalih Islam
 
The “internal audit” versus “external audit” in details
The “internal audit” versus “external audit” in detailsThe “internal audit” versus “external audit” in details
The “internal audit” versus “external audit” in detailsMohammad Wahid Abdullah Khan
 
8. internal control new
8. internal control new8. internal control new
8. internal control newSyed Osama Rizvi
 
Chapt8
Chapt8Chapt8
Chapt8casahiljain1992
 
Presentation 1 - Different Stages of Audit
Presentation 1 - Different Stages of AuditPresentation 1 - Different Stages of Audit
Presentation 1 - Different Stages of AuditMarzanur Rahman
 
Hanrick Curran Audit Training - Risk Assessment - March 2013
Hanrick Curran Audit Training - Risk Assessment - March 2013Hanrick Curran Audit Training - Risk Assessment - March 2013
Hanrick Curran Audit Training - Risk Assessment - March 2013Matthew Green
 
Chapter 4
Chapter 4Chapter 4
Chapter 4Nur Dalila Zamri
 
Chapter 5
Chapter 5Chapter 5
Chapter 5Nur Dalila Zamri
 
Audit Process, Planning,Field work,Audit report,Audit follow up,Audit program...
Audit Process, Planning,Field work,Audit report,Audit follow up,Audit program...Audit Process, Planning,Field work,Audit report,Audit follow up,Audit program...
Audit Process, Planning,Field work,Audit report,Audit follow up,Audit program...Advance Business Consulting
 
T8 Notes
T8 NotesT8 Notes
T8 NotesSam Eath Sek
 
Audit bab1 sem 6- Audit Approach
Audit bab1 sem 6- Audit ApproachAudit bab1 sem 6- Audit Approach
Audit bab1 sem 6- Audit ApproachNur Dalila Zamri
 
Lecture 6, part b, Chapter 10, Materiality and Audit Evidence
Lecture 6, part b, Chapter 10, Materiality and Audit EvidenceLecture 6, part b, Chapter 10, Materiality and Audit Evidence
Lecture 6, part b, Chapter 10, Materiality and Audit EvidenceSazzad Hossain, ITP, MBA, CSCA™
 
Financial Reporting and External Audit - Quick Guide
Financial Reporting and External Audit - Quick GuideFinancial Reporting and External Audit - Quick Guide
Financial Reporting and External Audit - Quick GuideStanford GSB Corporate Governance Research Initiative
 
Audit evidence a framework (ppt ch7[1].pdf)
Audit evidence a framework (ppt ch7[1].pdf)Audit evidence a framework (ppt ch7[1].pdf)
Audit evidence a framework (ppt ch7[1].pdf)bagarza
 
CHAPTER 3 AUDIT IN FINANCIAL STATEMENT
CHAPTER 3 AUDIT IN FINANCIAL STATEMENTCHAPTER 3 AUDIT IN FINANCIAL STATEMENT
CHAPTER 3 AUDIT IN FINANCIAL STATEMENTFaziraAkmar
 
Arens12e 10
Arens12e 10Arens12e 10
Arens12e 10John Sy
 
Lecture 10, chap 15, Chapter 15,Auditing Purchases, Payables and Payroll
Lecture 10, chap 15, Chapter 15,Auditing Purchases, Payables and PayrollLecture 10, chap 15, Chapter 15,Auditing Purchases, Payables and Payroll
Lecture 10, chap 15, Chapter 15,Auditing Purchases, Payables and PayrollSazzad Hossain, ITP, MBA, CSCA™
 
Chapter 7
Chapter 7Chapter 7
Chapter 7Nur Dalila Zamri
 
Internal control system
Internal control systemInternal control system
Internal control systemMadiha Hassan
 
Chapt12 w04
Chapt12 w04Chapt12 w04
Chapt12 w04meimeiyo
 
AUDIT ENGAGEMENT TUTORIAL BY ANTHONY SHITANDI
AUDIT ENGAGEMENT TUTORIAL BY ANTHONY SHITANDIAUDIT ENGAGEMENT TUTORIAL BY ANTHONY SHITANDI
AUDIT ENGAGEMENT TUTORIAL BY ANTHONY SHITANDIAnthony Shitandi
 

Más contenido relacionado

La actualidad más candente

International Auditing Standards (ISA)
International Auditing Standards (ISA)International Auditing Standards (ISA)
International Auditing Standards (ISA)Manon Cuylits
 
Financial Statements Audit
Financial Statements AuditFinancial Statements Audit
Financial Statements AuditSalih Islam
 
The “internal audit” versus “external audit” in details
The “internal audit” versus “external audit” in detailsThe “internal audit” versus “external audit” in details
The “internal audit” versus “external audit” in detailsMohammad Wahid Abdullah Khan
 
Presentation 1 - Different Stages of Audit
Presentation 1 - Different Stages of AuditPresentation 1 - Different Stages of Audit
Presentation 1 - Different Stages of AuditMarzanur Rahman
 
Hanrick Curran Audit Training - Risk Assessment - March 2013
Hanrick Curran Audit Training - Risk Assessment - March 2013Hanrick Curran Audit Training - Risk Assessment - March 2013
Hanrick Curran Audit Training - Risk Assessment - March 2013Matthew Green
 
Audit Process, Planning,Field work,Audit report,Audit follow up,Audit program...
Audit Process, Planning,Field work,Audit report,Audit follow up,Audit program...Audit Process, Planning,Field work,Audit report,Audit follow up,Audit program...
Audit Process, Planning,Field work,Audit report,Audit follow up,Audit program...Advance Business Consulting
 
Audit bab1 sem 6- Audit Approach
Audit bab1 sem 6- Audit ApproachAudit bab1 sem 6- Audit Approach
Audit bab1 sem 6- Audit ApproachNur Dalila Zamri
 
Lecture 6, part b, Chapter 10, Materiality and Audit Evidence
Lecture 6, part b, Chapter 10, Materiality and Audit EvidenceLecture 6, part b, Chapter 10, Materiality and Audit Evidence
Lecture 6, part b, Chapter 10, Materiality and Audit EvidenceSazzad Hossain, ITP, MBA, CSCA™
 
Audit evidence a framework (ppt ch7[1].pdf)
Audit evidence a framework (ppt ch7[1].pdf)Audit evidence a framework (ppt ch7[1].pdf)
Audit evidence a framework (ppt ch7[1].pdf)bagarza
 
CHAPTER 3 AUDIT IN FINANCIAL STATEMENT
CHAPTER 3 AUDIT IN FINANCIAL STATEMENTCHAPTER 3 AUDIT IN FINANCIAL STATEMENT
CHAPTER 3 AUDIT IN FINANCIAL STATEMENTFaziraAkmar
 
Arens12e 10
Arens12e 10Arens12e 10
Arens12e 10John Sy
 
Lecture 10, chap 15, Chapter 15,Auditing Purchases, Payables and Payroll
Lecture 10, chap 15, Chapter 15,Auditing Purchases, Payables and PayrollLecture 10, chap 15, Chapter 15,Auditing Purchases, Payables and Payroll
Lecture 10, chap 15, Chapter 15,Auditing Purchases, Payables and PayrollSazzad Hossain, ITP, MBA, CSCA™
 
Internal control system
Internal control systemInternal control system
Internal control systemMadiha Hassan
 

La actualidad más candente (20)

International Auditing Standards (ISA)
International Auditing Standards (ISA)International Auditing Standards (ISA)
International Auditing Standards (ISA)
 
Financial Statements Audit
Financial Statements AuditFinancial Statements Audit
Financial Statements Audit
 
The “internal audit” versus “external audit” in details
The “internal audit” versus “external audit” in detailsThe “internal audit” versus “external audit” in details
The “internal audit” versus “external audit” in details
 
8. internal control new
8. internal control new8. internal control new
8. internal control new
 
Chapt8
Chapt8Chapt8
Chapt8
 
Presentation 1 - Different Stages of Audit
Presentation 1 - Different Stages of AuditPresentation 1 - Different Stages of Audit
Presentation 1 - Different Stages of Audit
 
Hanrick Curran Audit Training - Risk Assessment - March 2013
Hanrick Curran Audit Training - Risk Assessment - March 2013Hanrick Curran Audit Training - Risk Assessment - March 2013
Hanrick Curran Audit Training - Risk Assessment - March 2013
 
Chapter 4
Chapter 4Chapter 4
Chapter 4
 
Chapter 5
Chapter 5Chapter 5
Chapter 5
 
Audit Process, Planning,Field work,Audit report,Audit follow up,Audit program...
Audit Process, Planning,Field work,Audit report,Audit follow up,Audit program...Audit Process, Planning,Field work,Audit report,Audit follow up,Audit program...
Audit Process, Planning,Field work,Audit report,Audit follow up,Audit program...
 
T8 Notes
T8 NotesT8 Notes
T8 Notes
 
Audit bab1 sem 6- Audit Approach
Audit bab1 sem 6- Audit ApproachAudit bab1 sem 6- Audit Approach
Audit bab1 sem 6- Audit Approach
 
Lecture 6, part b, Chapter 10, Materiality and Audit Evidence
Lecture 6, part b, Chapter 10, Materiality and Audit EvidenceLecture 6, part b, Chapter 10, Materiality and Audit Evidence
Lecture 6, part b, Chapter 10, Materiality and Audit Evidence
 
Financial Reporting and External Audit - Quick Guide
Financial Reporting and External Audit - Quick GuideFinancial Reporting and External Audit - Quick Guide
Financial Reporting and External Audit - Quick Guide
 
Audit evidence a framework (ppt ch7[1].pdf)
Audit evidence a framework (ppt ch7[1].pdf)Audit evidence a framework (ppt ch7[1].pdf)
Audit evidence a framework (ppt ch7[1].pdf)
 
CHAPTER 3 AUDIT IN FINANCIAL STATEMENT
CHAPTER 3 AUDIT IN FINANCIAL STATEMENTCHAPTER 3 AUDIT IN FINANCIAL STATEMENT
CHAPTER 3 AUDIT IN FINANCIAL STATEMENT
 
Arens12e 10
Arens12e 10Arens12e 10
Arens12e 10
 
Lecture 10, chap 15, Chapter 15,Auditing Purchases, Payables and Payroll
Lecture 10, chap 15, Chapter 15,Auditing Purchases, Payables and PayrollLecture 10, chap 15, Chapter 15,Auditing Purchases, Payables and Payroll
Lecture 10, chap 15, Chapter 15,Auditing Purchases, Payables and Payroll
 
Chapter 7
Chapter 7Chapter 7
Chapter 7
 
Internal control system
Internal control systemInternal control system
Internal control system
 

Destacado

Chapt12 w04
Chapt12 w04Chapt12 w04
Chapt12 w04meimeiyo
 
AUDIT ENGAGEMENT TUTORIAL BY ANTHONY SHITANDI
AUDIT ENGAGEMENT TUTORIAL BY ANTHONY SHITANDIAUDIT ENGAGEMENT TUTORIAL BY ANTHONY SHITANDI
AUDIT ENGAGEMENT TUTORIAL BY ANTHONY SHITANDIAnthony Shitandi
 
Utf8''internal audit plan presentation to the audit committee
Utf8''internal audit plan presentation to the audit committeeUtf8''internal audit plan presentation to the audit committee
Utf8''internal audit plan presentation to the audit committeeAbuallia
 
CIS Audit Lecture # 1
CIS Audit Lecture # 1CIS Audit Lecture # 1
CIS Audit Lecture # 1Cheng Olayvar
 
Audit of the sales and collection cycle
Audit of the sales and collection cycleAudit of the sales and collection cycle
Audit of the sales and collection cyclesellyhood
 
Sales audit for Increase Sales Effectiveness
Sales audit for Increase Sales EffectivenessSales audit for Increase Sales Effectiveness
Sales audit for Increase Sales EffectivenessBalaji S V PCC
 
Audit of the Payroll and Personnel Cycle _ Accounting & Audting
Audit of the Payroll and Personnel Cycle _ Accounting & AudtingAudit of the Payroll and Personnel Cycle _ Accounting & Audting
Audit of the Payroll and Personnel Cycle _ Accounting & AudtingCarl Hebeler
 
Internal Audit Plan 2015
Internal Audit Plan 2015Internal Audit Plan 2015
Internal Audit Plan 2015Mohammad Kashif
 
Sample audit engagement letter final2 jan 2011
Sample audit engagement letter final2 jan 2011Sample audit engagement letter final2 jan 2011
Sample audit engagement letter final2 jan 2011mydiu48
 
Audit planning and risk assessment
Audit planning and risk assessmentAudit planning and risk assessment
Audit planning and risk assessmentcasahiljain1992
 
Sales Audit, Sales Cycle, Collection Cycle, Audit sales
Sales Audit, Sales Cycle, Collection Cycle, Audit salesSales Audit, Sales Cycle, Collection Cycle, Audit sales
Sales Audit, Sales Cycle, Collection Cycle, Audit salesAdvance Business Consulting
 
Internal Audit of Manufacturing Companies
Internal Audit of Manufacturing CompaniesInternal Audit of Manufacturing Companies
Internal Audit of Manufacturing Companiesvikas_k
 
Audit Sampling for Tests of Details of Balances
Audit Sampling for Tests of Details of BalancesAudit Sampling for Tests of Details of Balances
Audit Sampling for Tests of Details of BalancesCarl Hebeler
 

Destacado (16)

Chapt12 w04
Chapt12 w04Chapt12 w04
Chapt12 w04
 
AUDIT ENGAGEMENT TUTORIAL BY ANTHONY SHITANDI
AUDIT ENGAGEMENT TUTORIAL BY ANTHONY SHITANDIAUDIT ENGAGEMENT TUTORIAL BY ANTHONY SHITANDI
AUDIT ENGAGEMENT TUTORIAL BY ANTHONY SHITANDI
 
Utf8''internal audit plan presentation to the audit committee
Utf8''internal audit plan presentation to the audit committeeUtf8''internal audit plan presentation to the audit committee
Utf8''internal audit plan presentation to the audit committee
 
CIS Audit Lecture # 1
CIS Audit Lecture # 1CIS Audit Lecture # 1
CIS Audit Lecture # 1
 
Audit procedures
Audit proceduresAudit procedures
Audit procedures
 
Audit of the sales and collection cycle
Audit of the sales and collection cycleAudit of the sales and collection cycle
Audit of the sales and collection cycle
 
Sales audit for Increase Sales Effectiveness
Sales audit for Increase Sales EffectivenessSales audit for Increase Sales Effectiveness
Sales audit for Increase Sales Effectiveness
 
2. engagement letter
2. engagement letter2. engagement letter
2. engagement letter
 
Audit of the Payroll and Personnel Cycle _ Accounting & Audting
Audit of the Payroll and Personnel Cycle _ Accounting & AudtingAudit of the Payroll and Personnel Cycle _ Accounting & Audting
Audit of the Payroll and Personnel Cycle _ Accounting & Audting
 
Internal Audit Plan 2015
Internal Audit Plan 2015Internal Audit Plan 2015
Internal Audit Plan 2015
 
Audit Evidence Presentation
Audit Evidence PresentationAudit Evidence Presentation
Audit Evidence Presentation
 
Sample audit engagement letter final2 jan 2011
Sample audit engagement letter final2 jan 2011Sample audit engagement letter final2 jan 2011
Sample audit engagement letter final2 jan 2011
 
Audit planning and risk assessment
Audit planning and risk assessmentAudit planning and risk assessment
Audit planning and risk assessment
 
Sales Audit, Sales Cycle, Collection Cycle, Audit sales
Sales Audit, Sales Cycle, Collection Cycle, Audit salesSales Audit, Sales Cycle, Collection Cycle, Audit sales
Sales Audit, Sales Cycle, Collection Cycle, Audit sales
 
Internal Audit of Manufacturing Companies
Internal Audit of Manufacturing CompaniesInternal Audit of Manufacturing Companies
Internal Audit of Manufacturing Companies
 
Audit Sampling for Tests of Details of Balances
Audit Sampling for Tests of Details of BalancesAudit Sampling for Tests of Details of Balances
Audit Sampling for Tests of Details of Balances
 

Similar a Jzanzig auditing ch 13 lecture

Chap005 tb-sample
Chap005 tb-sampleChap005 tb-sample
Chap005 tb-sampleYing Sun
 
AUDITING TECHNIQUES AND INTERNAL AUDIT notes.pptx
AUDITING TECHNIQUES AND INTERNAL AUDIT notes.pptxAUDITING TECHNIQUES AND INTERNAL AUDIT notes.pptx
AUDITING TECHNIQUES AND INTERNAL AUDIT notes.pptxGoptiEmmanuel1
 
Tests of Controls in an Audit of Internal Control. The objective of .pdf
Tests of Controls in an Audit of Internal Control. The objective of .pdfTests of Controls in an Audit of Internal Control. The objective of .pdf
Tests of Controls in an Audit of Internal Control. The objective of .pdfaquastore223
 
AUDITING AND ATTESTATION PROBLEMS AND SOLUTIONS.pdf
AUDITING AND ATTESTATION PROBLEMS AND SOLUTIONS.pdfAUDITING AND ATTESTATION PROBLEMS AND SOLUTIONS.pdf
AUDITING AND ATTESTATION PROBLEMS AND SOLUTIONS.pdfCynthia Velynne
 
Devry acct 555 entire course
Devry acct 555 entire courseDevry acct 555 entire course
Devry acct 555 entire coursealbyalcot91
 
Unit_1-_General_principles_of_Auditing_Part_2.pdf
Unit_1-_General_principles_of_Auditing_Part_2.pdfUnit_1-_General_principles_of_Auditing_Part_2.pdf
Unit_1-_General_principles_of_Auditing_Part_2.pdfNeoRamalivhana
 
Devry acct 555 entire course
Devry acct 555 entire courseDevry acct 555 entire course
Devry acct 555 entire courseIsabeedd
 
TEST CHECKING AND TECHNIQUES-PPT.pptx
TEST CHECKING AND TECHNIQUES-PPT.pptxTEST CHECKING AND TECHNIQUES-PPT.pptx
TEST CHECKING AND TECHNIQUES-PPT.pptxHeldaMaryA
 
Devry acct 555 entire course
Devry acct 555 entire courseDevry acct 555 entire course
Devry acct 555 entire coursejody zoll
 
Analytical procedures presentation
Analytical procedures presentationAnalytical procedures presentation
Analytical procedures presentationDarryl Woolley
 
ARC 1-19^J 1-5(12marks).pptx
ARC 1-19^J 1-5(12marks).pptxARC 1-19^J 1-5(12marks).pptx
ARC 1-19^J 1-5(12marks).pptxSohailSheikh62
 

Similar a Jzanzig auditing ch 13 lecture (20)

Chap005 tb-sample
Chap005 tb-sampleChap005 tb-sample
Chap005 tb-sample
 
AUDITING TECHNIQUES AND INTERNAL AUDIT notes.pptx
AUDITING TECHNIQUES AND INTERNAL AUDIT notes.pptxAUDITING TECHNIQUES AND INTERNAL AUDIT notes.pptx
AUDITING TECHNIQUES AND INTERNAL AUDIT notes.pptx
 
Quality Assurance
Quality AssuranceQuality Assurance
Quality Assurance
 
Tabel istilah auditing flashcards
Tabel istilah auditing flashcardsTabel istilah auditing flashcards
Tabel istilah auditing flashcards
 
Tests of Controls in an Audit of Internal Control. The objective of .pdf
Tests of Controls in an Audit of Internal Control. The objective of .pdfTests of Controls in an Audit of Internal Control. The objective of .pdf
Tests of Controls in an Audit of Internal Control. The objective of .pdf
 
AUDITING AND ATTESTATION PROBLEMS AND SOLUTIONS.pdf
AUDITING AND ATTESTATION PROBLEMS AND SOLUTIONS.pdfAUDITING AND ATTESTATION PROBLEMS AND SOLUTIONS.pdf
AUDITING AND ATTESTATION PROBLEMS AND SOLUTIONS.pdf
 
Devry acct 555 entire course
Devry acct 555 entire courseDevry acct 555 entire course
Devry acct 555 entire course
 
Unit_1-_General_principles_of_Auditing_Part_2.pdf
Unit_1-_General_principles_of_Auditing_Part_2.pdfUnit_1-_General_principles_of_Auditing_Part_2.pdf
Unit_1-_General_principles_of_Auditing_Part_2.pdf
 
Devry acct 555 entire course
Devry acct 555 entire courseDevry acct 555 entire course
Devry acct 555 entire course
 
TEST CHECKING AND TECHNIQUES-PPT.pptx
TEST CHECKING AND TECHNIQUES-PPT.pptxTEST CHECKING AND TECHNIQUES-PPT.pptx
TEST CHECKING AND TECHNIQUES-PPT.pptx
 
Devry acct 555 entire course
Devry acct 555 entire courseDevry acct 555 entire course
Devry acct 555 entire course
 
Audit process
Audit processAudit process
Audit process
 
Chapter 3
Chapter 3Chapter 3
Chapter 3
 
Analytical procedures presentation
Analytical procedures presentationAnalytical procedures presentation
Analytical procedures presentation
 
Audit process
Audit processAudit process
Audit process
 
Chapter 4.pdf
Chapter 4.pdfChapter 4.pdf
Chapter 4.pdf
 
Chapter 7
Chapter 7Chapter 7
Chapter 7
 
Chapter 7
Chapter 7Chapter 7
Chapter 7
 
Chapter 1
Chapter 1Chapter 1
Chapter 1
 
ARC 1-19^J 1-5(12marks).pptx
ARC 1-19^J 1-5(12marks).pptxARC 1-19^J 1-5(12marks).pptx
ARC 1-19^J 1-5(12marks).pptx
 

Último

Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...Neo4j
 
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024BookNet Canada
 
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 3652toLead Limited
 
🐬 The future of MySQL is Postgres 🐘
🐬 The future of MySQL is Postgres 🐘🐬 The future of MySQL is Postgres 🐘
🐬 The future of MySQL is Postgres 🐘RTylerCroy
 
Maximizing Board Effectiveness 2024 Webinar.pptx
Maximizing Board Effectiveness 2024 Webinar.pptxMaximizing Board Effectiveness 2024 Webinar.pptx
Maximizing Board Effectiveness 2024 Webinar.pptxOnBoard
 
Enhancing Worker Digital Experience: A Hands-on Workshop for Partners
Enhancing Worker Digital Experience: A Hands-on Workshop for PartnersEnhancing Worker Digital Experience: A Hands-on Workshop for Partners
Enhancing Worker Digital Experience: A Hands-on Workshop for PartnersThousandEyes
 
Slack Application Development 101 Slides
Slack Application Development 101 SlidesSlack Application Development 101 Slides
Slack Application Development 101 Slidespraypatel2
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationRadu Cotescu
 
08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking MenDelhi Call girls
 
Histor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slideHistor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slidevu2urc
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptxHampshireHUG
 
How to convert PDF to text with Nanonets
How to convert PDF to text with NanonetsHow to convert PDF to text with Nanonets
How to convert PDF to text with Nanonetsnaman860154
 
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdfThe Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdfEnterprise Knowledge
 
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationFrom Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationSafe Software
 
FULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | Delhi
FULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | DelhiFULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | Delhi
FULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | Delhisoniya singh
 
Boost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivityBoost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivityPrincipled Technologies
 
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Drew Madelung
 
Breaking the Kubernetes Kill Chain: Host Path Mount
Breaking the Kubernetes Kill Chain: Host Path MountBreaking the Kubernetes Kill Chain: Host Path Mount
Breaking the Kubernetes Kill Chain: Host Path MountPuma Security, LLC
 
Unblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesUnblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesSinan KOZAK
 
IAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsIAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsEnterprise Knowledge
 

Último (20)

Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
 
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
 
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
 
🐬 The future of MySQL is Postgres 🐘
🐬 The future of MySQL is Postgres 🐘🐬 The future of MySQL is Postgres 🐘
🐬 The future of MySQL is Postgres 🐘
 
Maximizing Board Effectiveness 2024 Webinar.pptx
Maximizing Board Effectiveness 2024 Webinar.pptxMaximizing Board Effectiveness 2024 Webinar.pptx
Maximizing Board Effectiveness 2024 Webinar.pptx
 
Enhancing Worker Digital Experience: A Hands-on Workshop for Partners
Enhancing Worker Digital Experience: A Hands-on Workshop for PartnersEnhancing Worker Digital Experience: A Hands-on Workshop for Partners
Enhancing Worker Digital Experience: A Hands-on Workshop for Partners
 
Slack Application Development 101 Slides
Slack Application Development 101 SlidesSlack Application Development 101 Slides
Slack Application Development 101 Slides
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organization
 
08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men
 
Histor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slideHistor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slide
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
 
How to convert PDF to text with Nanonets
How to convert PDF to text with NanonetsHow to convert PDF to text with Nanonets
How to convert PDF to text with Nanonets
 
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdfThe Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
 
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationFrom Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
 
FULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | Delhi
FULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | DelhiFULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | Delhi
FULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | Delhi
 
Boost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivityBoost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivity
 
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
 
Breaking the Kubernetes Kill Chain: Host Path Mount
Breaking the Kubernetes Kill Chain: Host Path MountBreaking the Kubernetes Kill Chain: Host Path Mount
Breaking the Kubernetes Kill Chain: Host Path Mount
 
Unblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesUnblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen Frames
 
IAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsIAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI Solutions
 

Jzanzig auditing ch 13 lecture

  • 1. Chapter 13 Overall Audit Plan and Audit Program
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7. D. Audit Assurance at Different Levels of Internal Control Effectiveness Acceptable assurance No assurance INTERNAL CONTROL EFFECTIVENESS Weak control Strong control Reliance on controls: C 3 – None, C 2 – Some, C 1 – Maximum Audit assurance from control risk assessment and tests of control Audit assurance from substantive tests A C B C 3 C 2 C 1 AUDIT ASSURANCE
  • 8.
  • 9.
  • 10.
  • 11.
  • 12. B. Appropriate Evidence for Audit Testing Type of Test Procedures for internal control Tests of controls Substantive tests of transactions Analytical procedures Tests of details of balances Physical Examination Confirmation Documentation Observation Type of Evidence Inquiries of the client Reperformance Analytic performance                  
  • 13.
  • 14.
  • 15.
  • 16.