How to learn the auditing standards EASILY! 4 top tips!
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- Опубліковано 1 чер 2024
- Auditing standards
IAASB standards - www.iaasb.org/standards-prono...
Australian standards - www.auasb.gov.au/Pronouncemen...
US PCAOB standards - pcaobus.org/Standards/Auditin...
The link below will take you to my Study Guide website where you can download the Auditing Standard Study Template - look for the "download" button
bit.ly/studyaudit
00:00 Introduction
02:05 Tip 1 - unlock the structure of the standards
04:49 Tip 2 - take advantage of the explanatory and additional paragraphs
0:6:04 Tip 3 - leverage off my existing resources
07:48 Tip 4 - using retrieval practice
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Hi Amanda, truly I support one comment stating "your generosity to share your knowledge for free like this is beyond measure" is very true. I got HD just by watching each of your videos relating to each topic in my Professional Accounting Masters at Deakin University. I still listen and watch your videos as they are not just for learnign but inspiring and captivating.
I needed this! Thankyou so much, Amanda!!! I was just praying, you came in like an Angel! ❤️
Thank you for sharing this insightful reminder.
Thank you Amanda for your nice explanation.
Thank you for making the videos. Absolutely valuable for anyone interested in auditing.
💕much Love and much more humble Gratitude all the way from BHUTAN, Thank You Dr.Amanda for your wonderful teachings.🙏 wishing you Good Health
Hi, Amanda , you're really great in all aspects
The way you go through all this points is amazing and unique. My gratitude from Mozambique 🇲🇿
You’re so welcome! Thanks for watching and leaving a comment 🙏☺️
Love your videos. Love your accent with respect. Your topics are interesting Thank you.
Love the contents... So clear and helpful... Thank you Doc, from the Philippines ♥️
You’re welcome Jude! Thanks for studying with me!
The, Doc, has spoken again, thanks indeed for not tiring on this endeavour, your generosity to share your knowledge for free like this is beyond measure, i am personally not taking this kind of gesture any lightly......looking forward to the next nuggets of wisdom.....God bless and happy weekend, Doc
Have a great weekend too - thank you for all of your lovely comments ❤️
Thank Dr Amanda for you video .
You’re very welcome Demisse ☺️
Hello! Thank you so Much Professor! Your videos helped me so much!
Hi Amanda is your auditing standards videos updated to the latest standards. Thank you for this video, I appreciate your tips.
Thank you for such a wonderful lecture. From Bangladesh.🇧🇩🇧🇩🇧🇩
Good insights , thank you Amanda
You're welcome!
Hi Amanda! thank you so much this is what I needed.
You’re welcome Lea ☺️
I enjoyed every section. Thank you so so much Amanda. Kenya we come
You’re very welcome ☺️
Thank you Amanda, finding this very helpful and applying it to my auditing with clients. Hi and love from Papua New Guinea.
You’re welcome Philo!
Thank you Amanda I current doing my second year and will take my next step with you .
Mbalenhle Zulu South africa
Keep up the hard work! 💪
Good job Amanda.👏👏👏
Thanks Jax!
Hi Amanada, thank for the video. Have a nice day!
You’re welcome gervith - enjoy your weekend 😊
Thank you so much, Gratitude from Namibia!
You are so welcome 😊
nice video, its very intereresting to know where to begin at this matter
Glad it was helpful!
I have a target of a month to complete all the Standards in depth. I am aiming for full marks. Maybe its a little too much to expect, but I want to give it a try. I got to do this. I promise, I'll let you know about how my plan goes.
THANKYOU SO MUCH, TEACHER!!!! ❤️❤️❤️❤️❤️
You can do it Venny! Just go for one a day and you’ll get there 💪
Thankyou so much! I will do my absolute best. 😀
@@vennyhearts2064 Any updates?
You make me understand alot Alhamdulillah love from Tanzania ❤
Thank you Salim!
This is exactly good motivation for beginner like me, I was a Physics student who never learn about auditing, suddenly I got a job to audit government-owned companies. This insight really helpful to understand where I should start. Thank you ma'm
How on earth do you land an auditing job without qualifications or certification 😂
@@Cherry-pu4mx I am not sure how, but there is some hiring info from friends and families and I tried them all. At first I am overwhelmed to study laws and basic accounting, but I just try to enjoy it
Thank you
This is a helpful lecture
You are more than welcome 🙏
Hi Amanda, a regular follower from Nepal.
Hi Sabin! 👋
Thank you for helping me to pass AAA120 CAANZ paper.. your video really helpful.
You're welcome - and congratulations!!! Moving on to FIN next?
AmandaLovesToAudit Yeah I took FIN and MAAF for this round.. few days left before the exam, wish me luck. Thanks 😊
Thank you so much!
You are so welcome Hasina! 😊
Hi Amanda, first of all love your videos, very insightful and helped me alot. Quick question pls, what is the trandard relates to auditor's responsibilities? Thank you
The 200 series
@@amandalovestoaudit Thank you 😍
Hi Amanda, I had an issue what will you suggest in my Home owners association , they dont have a financial statement since 2015 up to.now?
Thank you
Hi miss Amanda, im new to this auditing procedure, im just hire last february and being promoted this November as one of the audit team. do you have any tips for a newbie and how can i control and make my question pertaining with the procedure and standard. ISO 14001, 45001 and 9001. Thank you.
Asante sana dada
Thank you so much for the kind words! (I used Google translate 😊)
Hi dr Amanda.
If given such situation;
Client implemented wrong accounting treatment to one particular account.
We as auditors, proposed audit journal adjustment.
Client followed our proposed audit journal.
What should be our opinion? Unmodified or... should we put in Notes or its not necessary?
Are the financial statements now fairly presented? If yes - then unqualified.
Thanks amanda i was about to start audit for CA FINAL Examination conducted by ICAI.
Only one question is there any particular order to learn standards on auditing. Like 200 series then 300 series and so on or otherwise. Kindly advise. :)
Hi Shubham - I always start in order because they build on each other 😊
I love you ❤️ from south Africa
Thanks for watching!
Nothing related to the video but I lived in south Africa for 3 years and I miss it every day for the past 22years
Hi/Hello Doc!
Love from India ❤️
Thank you Saroj :) Hope you are well :)
what is your thought on the relevance on the subject of government auditing for your future career as an accountant?
Hi Sybelle - government auditors are critical! Without them - we don’t have accountability for government department spending ☺️
Love from Nigeria Amanda, been an auditor with little experience in audit how can I put this into practice on my own with practical example, with unprepared financial statement
Practice on some companies - use publicly available financial statements
Hi Dr. Amanda, I am doing BS in Accounting in USA and I have Auditing this semester. I was wondering if it’s same in Australia and USA.
Hi Akshaya! The principles of auditing at the same the world over. The US standards are quite closely aligned with the ISAs, but some slight differences. However, learning them requires the same educational approach that I’ve outlined 😊
AmandaLovesToAudit Thanks Dr.White
You’re welcome!
What do u think about profession "CA"
tysm i need charts for each topic on auditing concepts for professional exam if you know where and how get charts/diagrams to explain concepts with charts easily.
Hi Shubham - you are much better off drawing them yourself to really embed the knowledge. I use a lot of diagrams in my explanations of audit concepts - many students take a screen shot from my videos. You can find them on the study guide - bit.ly/studyaudit
Please is there ISA 1 - 10
thanks
Any time Arif!
Amanda, what is the purpose of ASA 101, compared to ASA 100?
Hi Daniel - I honestly don't know why they don't combine them (& that is a great question to ask the AUASB Technical Director the next time I catch up with him!). They both way we have to comply with the mandatory requirements. ASA100 says that these are represented by the bold type - but the bold type doesn't exist anymore in modern standards. So ASA101 explicitly then explains what paragraphs under specific headings you have to follow.
This is definitely something I will be asking the AUASB the next time I get a meeting with them!
Great
How do you remember all the requirements for exam? 🙈 Advanced Audit Exam in 16 days.
Hi Binc! Do you get to bring all of the standards in with you to the exam? If so - then being organised is more important that remembering them all :)
AmandaLovesToAudit Hi Amanda! Thank you for the reply. We don’t get to bring the ISAs list to Exam. We are given case questions and have to figure out which ISA we can apply and what the requirements are.
@@bincbg4354 Ok - I'd take the approach of learning 2-3 key things about every single standard. Of course, in ISA 560/570 there are more complications. But some can be very brief like "ISA240 - auditors must consider any potential for fraud, and if an indicator of potential fraud is present - gather evidence to determine if fraud may be present". Good luck!
AmandaLovesToAudit Thank you! Writing down the key things. Hopefully I’ll remember ☺️☺️☺️ Thank you again
Hellow amanda i need information about how excise tax is calculated in sweet product in your country. i need it for my research paper.........please ''from Ethiopia.""
Hi - www.google.com/search?q=excise+tax+australia&rlz=1C5CHFA_enAU887AU887&oq=excise+tax+australia&aqs=chrome..69i57j0i512j0i22i30l7.2428j0j15&sourceid=chrome&ie=UTF-8
Love from India 😘😘
Hello from Australia 🇦🇺 👋👋 thank you for your comment 😊
I wish I can Like this video more than once
Aww thank you Mabodu!
Why do your links never work?
What is the best textbox for audit
I really like the Gay & Simnett textbook, otherwise Arens is another popular choice
good letures
You could have simply said, READ OUT EVERYTHING!
Reading everything is important - understanding the key points - check out my 2 most recent videos for ACCA help where I give advice about whether you need to memorize the standards.
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🙌🙏🏻
Love from pakistan
Thank you Shahz!
@@amandalovestoaudit Mam i am really impressed by your way of communication . Would like to learn from you in future.
Audit channel reading.
Dats good ...but u request u explain with practical examples not just reading the standard
Hi - I'm a little confused by your comment. In my series examining each auditing standard in detail, I do give practice examples.
Oh my god I hate auditing which is pretty hard, never easy