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    Completing The Audit

    Uploaded by

    Junhui Wen
    The document discusses procedures related to completing an audit, including: - Identifying unrecorded liabilities and ensuring proper disclosure - Overall review of the audit engagement and forming an opinion - Completing other wrap-up procedures like obtaining management representations It emphasizes the importance of maintaining proper documentation to support the audit opinion and show the audit was performed according to standards.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Completing The Audit

    Uploaded by

    Junhui Wen
    15 views50 pages
    The document discusses procedures related to completing an audit, including: - Identifying unrecorded liabilities and ensuring proper disclosure - Overall review of the audit engagement and forming an opinion - Completing other wrap-up procedures like obtaining management representations It emphasizes the importance of maintaining proper documentation to support the audit opinion and show the audit was performed according to standards.

    Original Description:

    Original Title

    Completing the Audit (1)

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    The document discusses procedures related to completing an audit, including: - Identifying unrecorded liabilities and ensuring proper disclosure - Overall review of the audit engagement and forming an opinion - Completing other wrap-up procedures like obtaining management representations It emphasizes the importance of maintaining proper documentation to support the audit opinion and show the audit was performed according to standards.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    15 views50 pages

    Completing The Audit

    Uploaded by

    Junhui Wen
    The document discusses procedures related to completing an audit, including: - Identifying unrecorded liabilities and ensuring proper disclosure - Overall review of the audit engagement and forming an opinion - Completing other wrap-up procedures like obtaining management representations It emphasizes the importance of maintaining proper documentation to support the audit opinion and show the audit was performed according to standards.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Identifying liability items not given

    appropriate accounting treatment

    Addressing required disclosures

    Overall review of the audit engagement


    and formation of the audit opinion

    Other wrap-up procedures


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    FS should be adjusted

    Auditor's report should bear the


    original date
    As of date of the subsequent event

    Dual date the report


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    If the auditor concludes that the written
    representation are not reliable, the auditor shall take
    appropriate actions, including determining the
    possible effects on the opinion in the auditor’s report

    If the auditor has concerns about the competence,


    integrity, ethical values or diligence of management,
    or about its commitment to or enforcement of these,
    the auditor shall determine the effect that such
    concerns may have on the reliability of representation
    and audit evidence in general
    a. A sufficient and appropriate record of the
    basis for the auditor’s report and

    b. Evidence that the audit was planned and


    performed in accordance with PSAs and
    applicable legal and regulatory
    requirements
    • size and complexity
    • nature of the audit procedures
    • identified risks of material misstatement
    • significance of the audit evidence
    • nature and extent of exceptions identified
    • need to document a conclusion or the basis for a conclusion
    • audit methodology and tools used
    contradiction
    inconsistency

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    Heading

    Indexing

    Cross Indexing / Cross - referencing

    Tick marks
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    audit file
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    The auditor's responsibility in relation
    the financial statements

    Planned Scope and Timing of the Audit

    Significant findings from the audit

    Auditor independence
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