PPT-Audit Evidence

Chapter 7 Learning Objective 1 Contrast audit evidence with evidence used by other professions Nature of Evidence The use of evidence is not unique to auditors Evidence is also used by scientists lawyers. 2. ISA 505 – External confirmations. “. SAICA Handbook” or IFAC . website. ISA . 540 . – . Auditing accounting estimates. “. SAICA Handbook” or IFAC . website. ISA . 520 . – . Analytical procedures. Case studies. ICAI Vadodara 2013. Chetan. . Dalal. A warm welcome to all. Thank you to Vadodara Branch and members of ICAI. From . Chetan. . Dalal. . Very Important to remember: . All case studies / exhibits / example are . Planning an Internal Audit. Objectives of Planning. Use of Internal Audit. Factors affecting Planning Process. Scope of Planning. Factors affecting scope of Internal Audit.. Planning process. Objective of Planning. The auditor must make . four major decisions . regarding what evidence to gather and how much to accumulate:. Which audit procedures to use?. What sample size to select for a given procedure?. Which items to select from the population?. (A Presentation by CMA . Sushil. Yadav,. Sr. DGM, RITES Limited, Gurgaon). MEANING OF INTERNAL AUDIT. Internal auditing.  is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. . VADODARA 19.12.2014. CA Niranjan Joshi. Peer Review Board of ICAI. Hosted by Baroda Branch of WIRC of ICAI. One Day Training Programme for Peer Reviewers. Disclaimer. These are my personal views and can not be construed to be the views of the ICAI or my firm.. VADODARA 19.12.2014. CA Niranjan Joshi. Peer Review Board of ICAI. Hosted by Baroda Branch of WIRC of ICAI. One Day Training Programme for Peer Reviewers. Disclaimer. These are my personal views and can not be construed to be the views of the ICAI or my firm.. 1. Learning objectives. Explain the assertions contained in the financial statements. Explain the principles and objectives of transaction testing, Account balance testing, and disclosure testing. Explain the use of assertions in obtaining audit evidence. Robbie Foy. May 2017. Acknowledgement. This . presentation summarises independent research funded by the National Institute for Health Research (NIHR) under . its . Programme Grants . for Applied Research . Government Information Strategy Unit (GISU). Tasmanian Archive + Heritage Office. Why the audit?. Digital transformation has given way to digital disruption, as social media, cloud and the rapid evolution of emerging technologies change the face of information creation, capture, sharing, and collaboration. How to write correct NCs. What is a nonconformity?. In terms of an audit, a nonconformity is any time you find evidence that a process has not been performed as it was planned and in accordance with the requirements from the standard. The intent of the audit is to compare the planned arrangements of the process against what is actually happening and verifying that the practices being used conform to what is planned. In short, we expect compliance when we audit, but when we find evidence that this is not the case, we have identified a nonconformity.. Audit Evidence: Interaction of ISA 500 with Other International Standards on Auditing . Page . 1. This presentation has an audio experience. . To continue, please press “F5” OR . select “Slide Show” and “From Beginning”. Associate Director . of Regulatory Compliance. Today I will. Tell you about the Regulatory Compliance team. Talk to you about how we will operate an audit and an investigation. Advise you what to expect from an audit or investigation. Agenda. Understand ‘ audit documentation’ . So that . we can prove that we have . complied with the requirements . in our . audit and assurance assignments.. Scope Para of Auditor’s Report. “.