Find Job or Recruit Staff: 093 682 682 | 078 868 848 | info@pp-hr.com | Recruitment Service

FAU

FAU

AUDITING AND THE AUDIT PROFESSION

AUDITING AND THE AUDIT PROFESSION CHAPTER OBJECTIVE 1. WHAT IS AN AUDIT 2. THE PURPOSE OF THE EXTERNAL AUDIT 3. ADVANTAGES AND DISADVANTAGES OF AN AUDIT 4. THE RELATIONSHIP BETWEEN AUDITING AND ACCOUNTING …………………………………………………………………………………… 1. WHAT IS AN AUDIT? Audit is: the independent examination of evidence from which the financial statements of an enterprise are derived in order to give

Continue reading

PROFESSIONAL ETHICS

PROFESSIONAL ETHICS CHAPTER OBJECTIVE 1. FUNDAMENTAL PRINCIPLES 2. CONFLICT OF INTEREST 3. THREATS TO OBJECTIVITY AND INDEPENDENCE ……………………………………………………………………………………………. 1. FUNDAMENTAL PRINCIPLES The ACCA Code of Ethics and Conduct are detailed below: a. Integrity: straightforward and honest b. Objectivity and independence: fair, not allow prejudice or bias or the influence of others to override objectivity c. Professional competence and due care:

Continue reading

STATUTORY AUDITS

STATUTORY AUDITS LEARNING OBJECTIVE 1. THE AUDIT REQUIREMENT AND AUDITOR 2. RESIGNATION AND RETIREMENT OF AUDITOR 3. RIGHTS AND DUTIES ………………………………………………………………………………………… 1. THE AUDIT REQUIREMENT AND AUDITOR Audit Requirement In most countries, not all limited companies are required to have their financial statements audited. Many exemptions may apply to small and medium-sized companies. Appointment of Auditors Appointment of auditors is

Continue reading

AUDITING CONCEPTS: TRUE AND FAIR, MATERIALITY

AUDITING CONCEPTS: TRUE AND FAIR, MATERIALITY CHAPTER OBJECTIVE 1. THE AUDIT REPORT AS A MEANS OF COMMUNICATION 2. TRUE AND FAIR 3. REASONABLE ASSURANCE 4. MATERIALITY 5. ASSESSING MATERIALITY ………………………………………………………………………………………………. 1. THE AUDIT REPORT AS A MEANS OF COMMUNICATION • The External Audit Report A means of written, formal communication between auditor and shareholders in which the auditor expresses an

Continue reading

AUDIT PLANNING AND RISK

AUDIT PLANNING AND RISK CHAPTER OBJECTIVE 1. AUDIT STRATEGY 2. AUDIT PLAN 3. AUDIT RISK ASSESSMENT 4. UNDERSTANDING THE ENTITY ………………………………………………………………………………………………………………. 1. AUDIT STRATEGY The audit strategy sets the scope, timing and direction of the audit. It allows the auditor to determine the following:  The resources to deploy for specific audit areas (e.g. experience level, external experts);  The

Continue reading

INTERNAL CONTROLS

INTERNAL CONTROLS CHAPTER OBJECTIVE I. INTERNAL CONTROL II. COMPONENTS OF INTERNAL CONTROL III. CATEGORIES OF INTERNAL CONTROLS …………………………………………………………………………………………….. I. INTERNAL CONTROL Internal control is the process designed and effected by management and others to provide reasonable assurance about the achievement of the entity’s objectives with regard to reliability of financial reporting, effectiveness and efficiency of operations and compliance with applicable

Continue reading

THE AUDIT EVIDENCE PROCESS: TESTS OF CONTROL

THE AUDIT EVIDENCE PROCESS: TESTS OF CONTROL CHAPTER OBJECTIVE 1. THE CONCEPT OF AUDIT EVIDENCE 2. THE CHARACTERISTICS OF GOOD AUDIT EVIDENCE 3. SUFFICIENT , APPROPRIATE EVIDENCE 4. AUDIT TESTING PROCEDURES ……………………………………………………………………………………………… 1. THE CONCEPT OF AUDIT EVIDENCE Audit evidence can be defined in simple terms as any piece of information which assists the auditor to reach conclusion on the

Continue reading

AUDIT SAMPLING

AUDIT -SAMPLING CHAPTER OBJECTIVE 1. AUDIT SAMPLING 2. SAMPLE SIZE 3. SAMPLE SELECTION 4. STATISTICAL AND NON-STATISTICAL SAMPLING 1. AUDIT SAMPLING Definition: Audit sampling as the application of audit procedures to less than 100% of the items (in population) with an account balance or class of transactions. Using Sampling in Auditing: Sampling is normally appropriate for areas in which there

Continue reading

AUDIT VERIFICATION- GENERAL PRINCIPLES

AUDIT VERIFICATION- GENERAL PRINCIPLES CHAPTER OBJECTIVE 1. AUDIT VERIFICATION TECHNIQUES 2. AUDIT OBJECTIVES AND FINANCIAL STATEMENT ASSERTION 3. ACCOUNTING ESTIMATES ……………………………………………………………………………………. 1. AUDIT VERIFICATION TECHNIQUES In verification work, the auditor will use substantive testing procedures to give evidence relating to the figures in the financial statements. Audit-testing procedures available to the auditor are: Inspection: Physical review or examination of records,

Continue reading

AUDIT VERIFICATION -INVENTORY

AUDIT VERIFICATION -INVENTORY CHAPTER OBJECTIVE 1. INVETNORY VALUATION 2. INVENTORY COUNT 3. THE AUDITOR’S WORK ON INVENTORY VALUATION ……………………………………………………………………………………………………….. 1.  INVENTORY VALUATION Definition: The term inventory includes raw materials, bought in parts, work-in-progress and finished goods. Inventory Valuation: IAS2 inventory requires individual inventories to be measured at the lower of cost and net realisable value. Inventory valuation methods such as

Continue reading

Find Jobs Here !

Phnom Penh HR Service

1. Recruitment Service
2. Cambodia Tax Consulting
3. Accounting Service & System
4. Outsourcing Service
5. Internal Auditing Service
6. HR Consulting
7. Practical Job Training
Services by ACCA | CPA,Tax Agent
Diploma in Cambodia Tax,and MBA
**Contact Us Via 093 682 682
078 868 848| info@pp-hr.com
SHARE