Advanced Audit and Assurance file vault

Module 1 · The auditing and assurance framework

Part 1.1 · The Assurance Environment and Its Regulators

PDFThe assurance environment and its regulatorsPNGThe standards familyPNGWho does what in AustraliaPNGAustralia and New Zealand

Part 1.2.1 · Fundamental Principles, Threats and Safeguards

PDFFundamental principles, threats and safeguardsPNGThe five fundamental principlesPNGThe conceptual frameworkPNGFive threats at Linden Ridge

Part 1.2.2 · Ethics in Public Practice

PDFEthics in public practicePNGSeven situations in practicePNGResponding to NOCLARPNGFrom APES 110 to the standards

Part 1.2.3 · ISQM 1 - Quality Management for Firms

PDFISQM 1: quality management for firmsPNGThe eight componentsPNGRisk assessment at Linden RidgePNGMonitoring and remediation

Part 1.2.4 · ISA 220, ISQM 2 and Audit Quality

PDFISA 220, ISQM 2 and audit qualityPNGThe engagement partner's dutiesPNGThree gates before datingPNGThe Framework for Audit Quality

Part 1.2.5 · What Makes an Assurance Engagement

PDFWhat makes an assurance engagementPNGSubject matter and criteriaPNGAttestation and directPNGReasonable and limited

Part 1.2.6 · Three Parties, Subject Matter and Criteria

PDFThree parties, subject matter and criteriaPNGThe five elementsPNGWho's who in three engagementsPNGTesting the meals criteria

Part 1.2.7 · Evidence, Scepticism and Judgement

PDFEvidence, scepticism and judgementPNGJudging reliabilityPNGThe scepticism cyclePNGWhere judgement is needed

Part 1.2.8 · Materiality, Engagement Risk and Reporting

PDFMateriality, engagement risk and reportingPNGMateriality at SaltmarshPNGHow audit risk fits togetherPNGThe written assurance report

Part 1.3 · Types of Assurance Engagements

PDFTypes of assurance engagementsPNGMain types of assurancePNGThree limitations of an auditPNGCrestwater's assurance needs

Part 1.4 · Applying the Standards

PDFApplying the standardsPNGHow the ISAs are organisedPNGSame standards, scaled workPNGCharity tiers from 2022

Part 1.5.1 · Business Models and Climate-Risk Disclosure

PDFBusiness models and climate-risk disclosurePNGBusiness models and risksPNGPhysical and transition risksPNGClimate in the statements

Part 1.5.2 · Technology and the Audit

PDFTechnology and the auditPNGThree ways technology helpsPNGAn imagined revenue audit botPNGWhat a blockchain can show

Module 2 · Planning the audit of historical financial information

Part 2.1.1 · Audit Objectives and the Audit Risk Model

PDFAudit objectives and the audit risk modelPNGHow audit risk is builtPNGInherent risk factors at VoltanaPNGThe detection risk grid

Part 2.1.2 · Independence, Rotation and the Law

PDFIndependence, rotation and the lawPNGThe Act's independence rulesPNGPartner rotation rulesPNGFirm rotation for and against

Part 2.1.3 · Scepticism and Judgement in Practice

PNGFive of the biasesPNGImpediments and counters

Part 2.2 · Preconditions and Terms of Engagement

PNGThe preconditions as gatesPNGTriggers for a new letter

Part 2.3.1 · Audit Strategy, Audit Plan and Assertions

PDFAudit strategy, audit plan and assertionsPNGStrategy and plan side by sidePNGThe assertions in two groupsPNGThe direction of testing

Part 2.3.2 · Materiality and Performance Materiality

PDFMateriality and performance materialityPNGCommon materiality benchmarksPNGMateriality at VoltanaPNGWhy misstatements add up

Part 2.3.3 · Documentation, Team Discussion and Phases

PNGAudit documentationPNGThe three phases of an audit

Part 2.4 · Understanding the Entity and Its Environment

PDFUnderstanding the entity and its environmentPNGWhat the understanding coversPNGFrom event to assertionPNGBusiness risks at Voltana

Part 2.5.1 · The Five Components of Internal Control

PDFThe five components of internal controlPNGFive components of controlPNGControl activities at VoltanaPNGLimits of internal control

Part 2.5.2 · Controls in an IT Environment

PDFControls in an IT environmentPNGHow IT controls stack upPNGApplication controlsPNGVoltana's system change

Part 2.6.1 · The Auditor and Fraud Risk

PDFThe auditor and fraud riskPNGTwo kinds of fraudPNGThe fraud triangle at VoltanaPNGFraud procedures on every audit

Part 2.6.2 · Accounting Estimates and Related Parties

PDFAccounting estimates and related partiesPNGThree ways to respondPNGVoltana's warranty provisionPNGWhere related parties surface

Part 2.6.3 · Going Concern, Climate and NOCLAR Risks

PDFGoing concern, climate and NOCLAR risksPNGGoing concern warning signsPNGTwo categories of lawsPNGVoltana's three risks

Part 2.7.1 · Strategic Analysis for Risk Assessment

PDFStrategic analysis for risk assessmentPNGSWOT analysis of VoltanaPNGPESTEL scan of VoltanaPNGVoltana's value chain

Part 2.7.2 · Analytical Procedures and Ratio Analysis

PDFAnalytical procedures and ratio analysisPNGFour families of ratiosPNGVoltana's ratiosPNGCommon-size statements

Part 2.7.3 · Audit Data Analytics

PDFAudit data analyticsPNGSix analytics techniquesPNGRegression at VoltanaPNGJournal entries to examine

Part 2.8 · Responding to Assessed Risks

PDFResponding to assessed risksPNGOverall responsesPNGTests of controls or substantivePNGVoltana's risk-response plan

Module 3 · Performing the audit of historical financial information

Part 3.1 · Evidence, Assertions and Audit Procedures

PDFEvidence, assertions and audit proceduresPNGVoltana's plan by assertionPNGSeven types of audit procedurePNGKeeping control of confirmations

Part 3.2.1 · Tests of Controls

PDFTests of controlsPNGTwo different questionsPNGWays to test a controlPNGVoltana's controls plan

Part 3.2.2 · CAATs for Controls - Test Data and ITF

PNGVoltana's test data setPNGThree techniques compared

Part 3.2.3 · Sampling for Tests of Controls

PNGFour ways to select a samplePNGVoltana's sample results

Part 3.3.1 · Substantive Analytical Procedures

PDFSubstantive analytical proceduresPNGFour questions before relyingPNGThree tests at VoltanaPNGFollowing up the payroll gap

Part 3.3.2 · Tests of Details

PDFTests of detailsPNGTests of details and assertionsPNGPositive or negativePNGVoltana's stocktake

Part 3.3.3 · CAATs and Data Analytics in Substantive Work

PNGWhat audit software can doPNGVoltana's full-population tests

Part 3.3.4 · Monetary Unit Sampling

PDFMonetary unit samplingPNGHow the selection worksPNGVoltana receivables samplePNGProjecting the misstatements

Part 3.4 · Evidence in an E-Commerce Environment

PNGRisks of selling onlinePNGFollowing the money

Part 3.5 · Audit Procedures for Related Parties

PNGA significant unusual dealPNGThe related party nobody named

Part 3.6.1 · Group Audits and Component Auditors

PDFGroup audits and component auditorsPNGWho's who in a group auditPNGScoping the Voltana groupPNGWorking with a component auditor

Part 3.6.2 · Using Internal Auditors and Experts

PDFUsing internal auditors and expertsPNGThree kinds of helpPNGCan internal audit be usedPNGUsing an auditor's expert

Part 3.7 · Audit Documentation

PDFAudit documentationPNGWorking paper R4PNGPermanent and current filesPNGProtecting client data

Part 3.8 · Evaluating Misstatements and Evidence

PDFEvaluating misstatements and evidencePNGThree kinds of misstatementPNGVoltana misstatement schedulePNGCorrections change materiality

Module 4 · Conclusions and reporting responsibilities

Part 4.1.1 · Significant Areas, Litigation and Claims

PDFSignificant areas, litigation and claimsPNGThree significant areasPNGSearching for litigationPNGProvision, disclosure or nothing

Part 4.1.2 · Going Concern at Completion

PDFGoing concern at completionPNGExtra proceduresPNGPlans need evidencePNGVoltana's conclusion

Part 4.1.3 · Written Representations and Subsequent Events

PDFWritten representations and subsequent eventsPNGWritten representationsPNGAdjusting or non-adjustingPNGThe three periods

Part 4.1.4 · Final Analytical Procedures

PNGThe stepsPNGVoltana's final read-through

Part 4.2.1 · Final Evaluation of Misstatements

PDFFinal evaluation of misstatementsPNGEvaluating misstatementsPNGVoltana's final schedulePNGPervasiveness and the opinion

Part 4.2.2 · Final Review, EQR and Forming the Opinion

PDFFinal review, EQR and forming the opinionPNGLayers of reviewPNGCompletion checklistPNGForming the opinion

Part 4.3.1 · The Unmodified Auditor's Report

PDFThe unmodified auditor's reportPNGSections of the reportPNGVoltana's report decodedPNGOther information path

Part 4.3.2 · Going Concern Reporting and Key Audit Matters

PDFGoing concern reporting and key audit mattersPNGGoing concern outcomesPNGChoosing key audit mattersPNGVoltana's warranty KAM

Part 4.3.3 · Emphasis of Matter and Other Matter

PNGEmphasis of matterPNGWhich section

Part 4.3.4 · Modified Opinions

PDFModified opinionsPNGThe modified opinion gridPNGHow the report changesPNGA limitation by management

Part 4.3.5 · Reporting on Special Purpose Statements

PNGGeneral v special purposePNGThe special purpose report

Part 4.4.1 · Communicating with Management and the Board

PDFCommunicating with management and the boardPNGWhat to tell the boardPNGWho hears about deficienciesPNGVoltana's significant findings

Part 4.4.2 · Reporting to Shareholders and Regulators

PDFReporting to shareholders and regulatorsPNGReporting to membersPNGReporting to ASICPNGVoltana and ASIC

Module 5 · Other assurance engagements

Part 5.1 · Audits of Specialised Areas

PDFAudits of specialised areasPNGThree specialised auditsPNGAuditing a single elementPNGReporting on a summary

Part 5.2 · Review Engagements

PDFReview engagementsPNGReview and audit comparedPNGAustralia's review standardsPNGModified review conclusions

Part 5.3.1 · The Overarching Assurance Standard

PDFThe overarching assurance standardPNGThe ISAE 3000 familyPNGConditions for acceptancePNGReasonable and limited work

Part 5.3.2 · Greenhouse Gas and Sustainability Assurance

PDFGreenhouse gas and sustainability assurancePNGCrestwater's three scopesPNGWhere emissions go wrongPNGThe path of the standards

Part 5.3.3 · Water, Performance and Integrated Reports

PNGThree reports side by sidePNGThe six capitals

Part 5.3.4 · Prospective and Pro Forma Information

PDFProspective and pro forma informationPNGForecast or projectionPNGExamining a forecastPNGPro forma cash and borrowings

Part 5.4.1 · Internal Audit

PDFInternal auditPNGFive domains of the standardsPNGThe three lines modelPNGFive parts of a finding

Part 5.4.2 · Controls Assurance and Continuous Assurance

PDFControls assurance and continuous assurancePNGType 1 and type 2 reportsPNGRelying on a controls reportPNGContinuous assurance cycle

Part 5.4.3 · Compliance and Governance Assurance

PDFCompliance and governance assurancePNGTwo standards for compliancePNGThe SMSF audit in two partsPNGChecking client money

Part 5.5.1 · Performance Audits and the Three Es

PDFPerformance audits and the three EsPNGThe three Es chainPNGIndicators for Cooler SuburbsPNGPerformance vs financial audit

Part 5.5.2 · Conducting a Performance Audit

PDFConducting a performance auditPNGFive stages of the auditPNGObjective, criteria, evidencePNGWhere criteria come from

Part 5.6 · Agreed-Upon Procedures and Compilations

PDFAgreed-upon procedures and compilationsPNGWording AUP findingsPNGCompiling Harrowgate's accountsPNGFour services side by side

AAA exam reference pack

Subject-wide exam references and visual summaries. Open each file to preview, download or print.

PDFAAA Exam Reference PackPNGHow to Use This PackPNGStandards and Law FinderPNGWhich EngagementPNGIndependencePNGMateriality and MisstatementsPNGGoing ConcernPNGSubsequent EventsPNGChoosing the OpinionPNGThe Auditor's ReportPNGKAM, EOM, OM or Other InformationPNGWho Do You Tell