Efiwe CPA
Efiwe CPA
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IS SCHOOL A SCAM? PRACTICAL AUDIT OF CASH AND BANK BALANCES
#auditing #acca #accountingstudents #charteredaccountant
Is school a SCAM? Let's use our practical audit experience to answer a question from the past exam of ACCA Audit and Assurance and see if we can conclude that School is not a scam.
▼ Let's Connect! ▼
🔘Instagram: efiwecpa
● ● ● Audit training Inquiries: efiwecpa@gmail.com ● ● ●
WATCH MY OTHER AUDIT VIDEOS.
A practical approach to audit Accounts Receivables!: •ua-cam.com/video/AoEFRHt48M0/v-deo.html
The audit of cash and bank balances!: • ua-cam.com/video/Kkf6RmEX-MA/v-deo.html
Understanding audit materiality!: •ua-cam.com/video/6DZDGv_nGgI/v-deo.html
TIMESTAMPS:
00:00 Intro
01:35 Reading the question
02:30 Answering the question
08:34 Reviewing the marking scheme
12:30 Outro
Переглядів: 339

Відео

Bookkeeping Tutorial: Journal entry to record undeposited funds | Bookkeeping Tutorial | auditing
Переглядів 1,5 тис.Рік тому
#inventory #Bookkeepingtutorial #bookkeeping #bookkeepingtips #auditingtheusa #recordundepositedfunds #journalentry 🔰 EFIWE CPA DESCRIPTION Efiwe CPA is a Chartered Professional Accountant providing virtual tutoring and coaching services to students, professionals and corporate individuals in auditing and accounting Efiwe CPA offers practical auditing and accounting training to individuals from...
AUDIT COMIC: Unrealistic expectations during an audit engagement | auditing | accounting | audit
Переглядів 1,3 тис.Рік тому
🔰EFIWE CPA DESCRIPTION Efiwe CPA is a Chartered Professional Accountant providing virtual tutoring and coaching services to students, professionals and corporate individuals in auditing and accounting Efiwe CPA offers practical auditing and accounting training to individuals from any part of the world. Efiwe CPA aims to bridge the gap of the lack of practical training for accounting students. M...
Answering the question: Should you go for ICAN or ACCA | Audit working papers | bookkeeping | audit
Переглядів 1,2 тис.Рік тому
🔰 EFIWE CPA DESCRIPTION Efiwe CPA is a Chartered Professional Accountant providing virtual tutoring and coaching services to students, professionals and corporate individuals in auditing and accounting Efiwe CPA offers practical auditing and accounting training to individuals from any part of the world. Efiwe CPA aims to bridge the gap of the lack of practical training for accounting students. ...
HOW TO AUDIT BOARD MINUTES AND OTHER EXTERNAL INFORMATION: ACCA AUDIT AND ASSURANCE
Переглядів 913Рік тому
Board minutes are essential documents reviewed at the audit's planning stage. The board minutes enable the auditor to identify potential audit risks and better understand the entity. This video shows how the auditors review and extract the board minutes for audit purposes.
HOW TO PLAN AND CONDUCT AN INVENTORY COUNT WHEN AUDITING INVENTORY | Inventory auditing | audit .
Переглядів 1,3 тис.Рік тому
#inventoryauditing #Inventorycountplan #inventory #inventoryvideos #audit #howtoplanandmanageaninventorycount 🔰 EFIWE CPA DESCRIPTION Efiwe CPA is a Chartered Professional Accountant providing virtual tutoring and coaching services to students, professionals and corporate individuals in auditing and accounting Efiwe CPA offers practical auditing and accounting training to individuals from any p...
HOW A REFRESHER ON THE DECLINING BALANCE DEPRECIATION METHOD SAVED ME DURING AN AUDIT | inventory
Переглядів 578Рік тому
HOW A REFRESHER ON THE DECLINING BALANCE DEPRECIATION METHOD SAVED ME DURING AN AUDIT EFIWE CPA DESCRIPTION Efiwe CPA is a Chartered Professional Accountant providing virtual tutoring and coaching services to students, professionals and corporate individuals in auditing and accounting Efiwe CPA offers practical auditing and accounting training to individuals from any part of the world. Efiwe CP...
HOW TO AUDIT LEGAL EXPENSES: Audit working paper for legal fees | Audit
Переглядів 2 тис.Рік тому
EFIWE CPA DESCRIPTION Efiwe CPA is a Chartered Professional Accountant providing virtual tutoring and coaching services to students, professionals and corporate individuals in auditing and accounting Efiwe CPA offers practical auditing and accounting training to individuals from any part of the world. Efiwe CPA aims to bridge the gap of the lack of practical training for accounting students. Ma...
Practical approach to audit going concern. Audit working paper for going concern assessment
Переглядів 2,2 тис.Рік тому
Going concern is an essential concept in auditing. This video walks you through a working paper on how to audit the going concern assumption and conclude if a material uncertainty exists relating to going concern.
PART 1 AUDIT PROCEDURES FOR GOING CONCERN//Understanding how to perform an audit of going concern
Переглядів 1,8 тис.Рік тому
Going concern is an important concept in auditing. In this video, I will set the foundation for understanding going concern assumption by looking at the theoretical aspects of the audit procedures for going concern.
HOW TO AUDIT SUBSEQUENT EVENTS: ACCA AAA syllabus area E // Audit procedures for subsequent events
Переглядів 1,1 тис.Рік тому
Events occurring after a client’s year-end, but before the date of the assurance report, are called subsequent events. Subsequent events fall under syllabus area E in the ACCA Advanced Auditing and Assurance (AAA). This video examines the auditor's responsibility and audit procedures for subsequent events.
Part 2: HOW TO AUDIT EXPECTED CREDIT LOSSES (ECL): Accounts receivable audit procedures
Переглядів 4 тис.Рік тому
Part 2: HOW TO AUDIT EXPECTED CREDIT LOSSES (ECL): Accounts receivable audit procedures
HOW TO AUDIT EXPECTED CREDIT LOSSES (ECL) IFRS 9: Accounts receivable valuation audit assertion
Переглядів 14 тис.Рік тому
HOW TO AUDIT EXPECTED CREDIT LOSSES (ECL) IFRS 9: Accounts receivable valuation audit assertion
FINANCIAL INSTRUMENT:: Understanding the fundamentals of auditing financial instruments
Переглядів 1,4 тис.Рік тому
FINANCIAL INSTRUMENT:: Understanding the fundamentals of auditing financial instruments
CUT-OFF AUDIT TESTING FOR REVENUE: How to audit revenue cut-off assertion
Переглядів 6 тис.Рік тому
CUT-OFF AUDIT TESTING FOR REVENUE: How to audit revenue cut-off assertion
AUDIT PLANNING: Understanding the Entity and its Environment
Переглядів 2,6 тис.Рік тому
AUDIT PLANNING: Understanding the Entity and its Environment
THE AUDIT OF LEASES SIMPLIFIED||Audit working paper for leases (IFRS 16)
Переглядів 4,1 тис.Рік тому
THE AUDIT OF LEASES SIMPLIFIED||Audit working paper for leases (IFRS 16)
THE AUDIT OF GRANT REVENUE: Audit procedures for auditing grants
Переглядів 2,9 тис.Рік тому
THE AUDIT OF GRANT REVENUE: Audit procedures for auditing grants
SIMPLIFIED PROCEDURES TO AUDIT SALES TAX PAYABLE: The audit of GST/HST
Переглядів 1,2 тис.2 роки тому
SIMPLIFIED PROCEDURES TO AUDIT SALES TAX PAYABLE: The audit of GST/HST
CAN AUDITORS PERFORM 100% SUBSTANTIVE AUDIT TESTING? Auditing without audit sampling
Переглядів 9522 роки тому
CAN AUDITORS PERFORM 100% SUBSTANTIVE AUDIT TESTING? Auditing without audit sampling
HOW TO RECORD CPD EVIDENCE FOR NEW ACCA MEMBERS: Guide to CPD reporting requirements
Переглядів 2,4 тис.2 роки тому
HOW TO RECORD CPD EVIDENCE FOR NEW ACCA MEMBERS: Guide to CPD reporting requirements
OBTAINING & ACCEPTING NEW AUDIT CLIENTS: Audit planning and risk assessment
Переглядів 1,2 тис.2 роки тому
OBTAINING & ACCEPTING NEW AUDIT CLIENTS: Audit planning and risk assessment
PRACTICAL APPROACH TO AUDITING SHARE ISSUANCE COST
Переглядів 6332 роки тому
PRACTICAL APPROACH TO AUDITING SHARE ISSUANCE COST
THE AUDIT OF SHARE CAPITAL TRANSACTIONS: Series on auditing components of equity
Переглядів 1,5 тис.2 роки тому
THE AUDIT OF SHARE CAPITAL TRANSACTIONS: Series on auditing components of equity
THE MAIN DIFFERENCE BETWEEN TERM DEPOSITS AND MARKETABLE SECURITIES: Simplified Accounting
Переглядів 3192 роки тому
THE MAIN DIFFERENCE BETWEEN TERM DEPOSITS AND MARKETABLE SECURITIES: Simplified Accounting
STEPS TO ADUIT EQUITY: Simplified concept of auditing shareholder's equity
Переглядів 3,3 тис.2 роки тому
STEPS TO ADUIT EQUITY: Simplified concept of auditing shareholder's equity
REVIEW ENGAGEMENT vs AUDIT ENGAGEMENT: 5 Practical Differences
Переглядів 1,3 тис.2 роки тому
REVIEW ENGAGEMENT vs AUDIT ENGAGEMENT: 5 Practical Differences
THE AUDIT OF OUTSOURCED PAYROLL FUNCTIONS: SOC 1 vs SOC 2 Reports
Переглядів 1,2 тис.2 роки тому
THE AUDIT OF OUTSOURCED PAYROLL FUNCTIONS: SOC 1 vs SOC 2 Reports
HOW TO AUDIT COST OF SALES (COST OF GOODS SOLD): Income Statement Audit Working Paper
Переглядів 6 тис.2 роки тому
HOW TO AUDIT COST OF SALES (COST OF GOODS SOLD): Income Statement Audit Working Paper
WHAT AN AUDIT ENGAGEMENT LETTER LOOKS LIKE: Contents of an audit engagement letter
Переглядів 3,8 тис.2 роки тому
WHAT AN AUDIT ENGAGEMENT LETTER LOOKS LIKE: Contents of an audit engagement letter

КОМЕНТАРІ

  • @srilekhap9672
    @srilekhap9672 Місяць тому

    Kindly share the pdf it will useful for practice

  • @godwinonyekachi8608
    @godwinonyekachi8608 Місяць тому

    Kindly share the PDF of the Audit Engagement Letter for better perusal.

  • @umaryahya9065
    @umaryahya9065 Місяць тому

    Thank you very much and well understandable

  • @cricketsoccurgossip7125
    @cricketsoccurgossip7125 2 місяці тому

    What is Threshold ? Can you elaborate further

  • @rosemarkristhelsongco6485
    @rosemarkristhelsongco6485 2 місяці тому

    Hello, how about when auditing a Homeowners Association? Can you make a video about their working papers? If I'm testing their association dues, can my working paper be like this?

  • @hossameissa7391
    @hossameissa7391 3 місяці тому

    Thanks 🙏 Can you send me all work papers procedures in excel

  • @Servo_Maximiano_Mocambique
    @Servo_Maximiano_Mocambique 3 місяці тому

    Man or woman?

  • @dailymusic4152
    @dailymusic4152 3 місяці тому

    How to audit a building constructed by the company during the year

  • @dailymusic4152
    @dailymusic4152 3 місяці тому

    Accounts receivable please

  • @imurvinivini
    @imurvinivini 3 місяці тому

    Hi, what's the basis of the numbers of orders or samples to be tested?

  • @abdulahiadebayo8951
    @abdulahiadebayo8951 3 місяці тому

    Thank you Efiwe....please i have a question on what basis did you use for selecting the samples....is it base on Materiality threshold

  • @desmondletshabo3379
    @desmondletshabo3379 4 місяці тому

    Very informative,Part 3 is needed though

    • @efiwecpa
      @efiwecpa 4 місяці тому

      Noted. Thanks

  • @yassingimish7889
    @yassingimish7889 4 місяці тому

    Very helpful please can I get your work paper I would appreciate that

    • @efiwecpa
      @efiwecpa 4 місяці тому

      Thanks for your comment. The working papers are available to students registered in my tutoring program.

  • @abhinavagarwal8361
    @abhinavagarwal8361 4 місяці тому

    Hey is that you, Oluwatomiwa giving the lecture? I seem to recognize your voice from MS teams, we worked on an audit engagement together or might be confusing over the voice ?

    • @efiwecpa
      @efiwecpa 4 місяці тому

      No. This isn't Tomiwa. I believe you are confusing the voice. 😊

  • @iniabba4856
    @iniabba4856 4 місяці тому

    Is audit procedure the same as substantive procedure?

    • @efiwecpa
      @efiwecpa 4 місяці тому

      Audit procedures can either be Analytical or Substantive. The procedures I described in this video is Substantive procedures.

  • @Servo_Maximiano_Mocambique
    @Servo_Maximiano_Mocambique 4 місяці тому

    Wish you could allow us to download the templates

    • @efiwecpa
      @efiwecpa 4 місяці тому

      Will put that into consideration.

  • @Servo_Maximiano_Mocambique
    @Servo_Maximiano_Mocambique 4 місяці тому

    Best channel for practical understanding of audit practice!

    • @efiwecpa
      @efiwecpa 4 місяці тому

      Thank you. 😊

  • @mohammedrashid2906
    @mohammedrashid2906 4 місяці тому

    Thank

  • @ahmetselmanayberkbozkurt6898
    @ahmetselmanayberkbozkurt6898 4 місяці тому

    Hi, do you have a video about the pricing test where we test the accuracy of stocks' unit cost?

  • @Servo_Maximiano_Mocambique
    @Servo_Maximiano_Mocambique 4 місяці тому

    Great.... Thank you

  • @abrarulhaq1056
    @abrarulhaq1056 5 місяців тому

    Hi.. can i receive this excel file?

  • @SeyPras.
    @SeyPras. 5 місяців тому

    Really appreciate your videos and how you walked us through the process.

  • @Largelebel
    @Largelebel 6 місяців тому

    Thanks

  • @Largelebel
    @Largelebel 6 місяців тому

    Thanks

  • @muhammadzubair-sb4ot
    @muhammadzubair-sb4ot 6 місяців тому

    Hi dear, Can you plz provide excel files of the whole audit course

  • @yoshicrafto2242
    @yoshicrafto2242 6 місяців тому

    Thanks

  • @its_lumidii
    @its_lumidii 6 місяців тому

    😂😅 Can Relate so bad

  • @its_lumidii
    @its_lumidii 6 місяців тому

    Very helpful 💯

  • @CANamanJain-p8i
    @CANamanJain-p8i 6 місяців тому

    You are providing detailed understanding of WP in less time. Thanks for your videos. Request you to please also upload a video on audit of ESOP

  • @muhammadzubair-sb4ot
    @muhammadzubair-sb4ot 6 місяців тому

    Can you plz share excel files of the whole audit course.?

  • @peterwilliams3259
    @peterwilliams3259 6 місяців тому

    can you please Di the audit of the opening balances

  • @md.wahidmuradfca
    @md.wahidmuradfca 6 місяців тому

    How to the excel sheet?

  • @meezfreak21
    @meezfreak21 6 місяців тому

    Thank you for the video, very informative.

  • @harshitbhateja7568
    @harshitbhateja7568 7 місяців тому

    I didn’t get how did we attain risk factor of 3 and my firm does not have any fixed risk factor. Kindly help with this I need to start my audit procedure. P.s. I just love your videos. Big fan ma’am.

    • @mounikagadde3395
      @mounikagadde3395 5 місяців тому

      Can you please tell me how to test internal controls, collection of samples, documentation please help me out

  • @harshitbhateja7568
    @harshitbhateja7568 7 місяців тому

    I didn’t get how did we attain risk factor of 3 and my firm does not have any fixed risk factor. Kindly help with this I need to start my audit procedure. P.s. I just love your videos. Big fan ma’am.

  • @harshitbhateja7568
    @harshitbhateja7568 7 місяців тому

    I didn’t get how did we attain risk factor of 3 and my firm does not have any fixed risk factor. Kindly help with this I need to start my audit procedure. P.s. I just love your videos. Big fan ma’am.

  • @abdulramanalfaqih454
    @abdulramanalfaqih454 7 місяців тому

    Wow, really short ,clear ,and to the point.Would you please share the material of this course.

  • @anaheredia6226
    @anaheredia6226 7 місяців тому

    Where would you keep the payroll report?

  • @farhanyusri7543
    @farhanyusri7543 7 місяців тому

    hi, may I have the audit file for all the procedures in excel?

  • @chiranjeevivarma8258
    @chiranjeevivarma8258 7 місяців тому

    Plz provide PDF as well

  • @CAHARSHITSHARMA
    @CAHARSHITSHARMA 8 місяців тому

    How can we gain confidence on the opening balances ?

  • @DhanushB-iq6gi
    @DhanushB-iq6gi 8 місяців тому

    THANK YOU 😊

  • @niteshmn-gm7ev
    @niteshmn-gm7ev 8 місяців тому

    Great content. Please keep it going.

  • @edemkatamani2523
    @edemkatamani2523 8 місяців тому

    i watch your videos everytime i am on audit

  • @oluwafemisunday5489
    @oluwafemisunday5489 8 місяців тому

    Exemplary and detailed review, please i would like to know if this calculation would be done for loan, financial assets, intercompany receivables. Or is it limited to trade receivables only?

  • @MarounMoubarak-q5e
    @MarounMoubarak-q5e 8 місяців тому

    Could you send the excel file for the audit.

  • @CutestPristine
    @CutestPristine 8 місяців тому

    Thank you! This is really helpful.

  • @Abdelrahman_Badr
    @Abdelrahman_Badr 8 місяців тому

    great !