3 methods to identify internal control weaknesses

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  • Опубліковано 15 січ 2025

КОМЕНТАРІ • 357

  • @siris6634
    @siris6634 3 роки тому +42

    I normally would identify significant processes then plot a flowchart upon client inquiry to track the flow of data through main transactions, then i would see what sort of controls they have set and add what could go wrongs in order to see the weaknesses in each control

    • @davewright8388
      @davewright8388 3 роки тому +2

      I love your presentations I'm from Jamaica

    • @amandalovestoaudit
      @amandalovestoaudit  3 роки тому +2

      Perfect!

    • @angelorhodes343
      @angelorhodes343 2 роки тому

      Iiiiiiiiiiiiiiiiiiiiiui0iiiiuiiiiiiihghiiiiiiiiihiiiiiiiiiiihiiihiyiiiii

    • @angelorhodes343
      @angelorhodes343 2 роки тому

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    • @angelorhodes343
      @angelorhodes343 2 роки тому

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  • @busisiwesithole7848
    @busisiwesithole7848 3 роки тому +20

    Thank you so much. This was helpful. From South Africa.

  • @sheygodlovendi1514
    @sheygodlovendi1514 3 роки тому +3

    I am Godlove Ndi from cameroonian in Africa - Regularly i follow up your teachings very very rich especially for an anglophone like me who studied auditing in French system. More grease to your elbow Madam Dr. Amanda. Thank you so much for the much you have dished out to the audit world. Love you.

  • @sibusisosambo4758
    @sibusisosambo4758 2 роки тому +8

    Hi Dr Amanda. I really love audit too, hence I am watching your vedios. I am studying towards becoming a Chattered Accountant. I'm from South Africa.
    Thank you so much for these lessons.

  • @otaiguara
    @otaiguara Місяць тому +1

    It's funny you sneezing at 08:55 hahahaha The way you lead the video it's amazing!

  • @nehasharma5310
    @nehasharma5310 3 роки тому +12

    Hi Amanda, am CA from India and your videos are really helping me refresh audit and prepare for interviews.

    • @amandalovestoaudit
      @amandalovestoaudit  3 роки тому +1

      You’re welcome Neha’

    • @nehasharma5310
      @nehasharma5310 3 роки тому +1

      @@amandalovestoaudit Hi Amanda, many thanks to you for sharing such informative videos that too extremely precise with loads of learning on every topic. I have cleared my interview and would like to thank you again as it helped me immensely in brushing up the details❤️❤️

    • @amandalovestoaudit
      @amandalovestoaudit  3 роки тому +1

      @@nehasharma5310 That is great to hear!

  • @tarunpatel8360
    @tarunpatel8360 4 роки тому +10

    Hi Amanda, This Tarun from Zambia. Your lectures and videos are so easy to understand. I have learnt a lot from your lectures. I have shared your links with my friends here in Zambia they equally appreciate your work. May God Bless you.

    • @amandalovestoaudit
      @amandalovestoaudit  3 роки тому +1

      Thank you so much Tarun - glad to hear that I'm helping students 😊

  • @sheygodlovendi1514
    @sheygodlovendi1514 3 роки тому +1

    I am Godlove Ndi from cameroon in Africa - Regularly i follow up your teachings very very rich especially for an anglophone like me who studied auditing in French system. More grease to your elbow Madam Dr. Amanda. Thank you so much for the much you have dished out to the audit world. Love you.

  • @lungimadlangal6803
    @lungimadlangal6803 3 роки тому +15

    Wow absolutely love the assertions approach to identifying weak controls...this was awesome 👍 Lungi South Africa

    • @amandalovestoaudit
      @amandalovestoaudit  3 роки тому +3

      Thank you Lungi! It minimises the risk of not identifying something!

  • @caprelomakeover1591
    @caprelomakeover1591 3 роки тому +2

    Thank you so much. From Nigeria

    • @amandalovestoaudit
      @amandalovestoaudit  3 роки тому

      You’re so welcome! Thanks for watching and leaving a comment 🙏☺️

  • @oubriedube
    @oubriedube 3 роки тому +6

    Hi Amanda, I have been following your video tutorials for about a week now, am learning audit in a different way thanks to you. I am a CTA student from Zimbabwe..

    • @amandalovestoaudit
      @amandalovestoaudit  3 роки тому

      Great to have you studying with us Oubrie - good luck in your studies ☺️

  • @RachelDraaijer
    @RachelDraaijer 4 роки тому +5

    Suriname. You helped me pass ACCA so thank you very much. I recommend your video's to all

  • @blackjackool
    @blackjackool 3 роки тому +4

    I love the quality of content and the video! Thank you Amanda!

  • @robertaururahyramosdeazeve5125
    @robertaururahyramosdeazeve5125 2 місяці тому

    I'm from Brazil, and I recently found your channel. I'm really enjoying it!!!!

  • @bongzxayo5921
    @bongzxayo5921 2 роки тому +1

    You are great!! I am from Zimbabwe

  • @ernestsigande5098
    @ernestsigande5098 3 роки тому +5

    Hi Amanda, i have joined you in loving auditing because of how easy you make it to understand through your videos. Thank you for the great work! Ernest from Zambia.

    • @amandalovestoaudit
      @amandalovestoaudit  3 роки тому +1

      Thank you so much Ernest for your kind words ☺️❤️

  • @lilungwemayumbelo5287
    @lilungwemayumbelo5287 2 роки тому +1

    From Namibia, your sessions are super informative, thank you very much.

  • @jordanc.ksyuen2882
    @jordanc.ksyuen2882 4 роки тому +7

    Hi Dr. Amanda, I'm Jordan, a Malaysian & who's also an undergraduate student from one of the Malaysia 🇲🇾 prestigious universities! I really enjoy and like your video contents so much! Your explanations are much simpler than many of my lecturers could have! My audit lecturer has encouraged his students, including me but not limited to me, to watch your video for better understanding! Therefore, I've subscribed your channel! Thank you and I'll stay tuned for more contents again from you !! Appreciate!! 😄

    • @amandalovestoaudit
      @amandalovestoaudit  4 роки тому

      Hi Jordan! Thanks for watching and say a big hello to your audit lecturer for me ☺️

  • @deonh8
    @deonh8 3 роки тому +2

    Hi Amanda awesome video. Tuning in from The Bahamas!

  • @evebanda2719
    @evebanda2719 Рік тому

    Eve from Malawi.....your lessons are very clear and easy to follow.

  • @nanamanuobeng-koranteng3726
    @nanamanuobeng-koranteng3726 3 роки тому +4

    I’m from Ghana. I really enjoy your videos

  • @southerncross86
    @southerncross86 3 роки тому +1

    Bless you Amanda! Thanks for your great videos!

  • @josephinemartin6937
    @josephinemartin6937 Рік тому

    Thank you so Much I am so Impressed with your lectures

  • @719rules
    @719rules 3 роки тому +1

    From india .Thanks for throwing light ..now able to see through darkness filled by our rennoved facilities with only audit words . Making sense to visualise and grasp audit words as part of it ..without any further stress 🙏

  • @sandiswamjikwa2991
    @sandiswamjikwa2991 Рік тому +1

    From South Africa , I am hoping you will help me love Auditing

  • @haniimam5482
    @haniimam5482 2 роки тому

    I love your style of teaching. from Sudan

  • @aaroacademy
    @aaroacademy 2 роки тому +1

    Thank you, this lesson is very valuable!

  • @caanu3771
    @caanu3771 4 роки тому +3

    Loved all your sessions ❤

  • @mohammedabdulateef9615
    @mohammedabdulateef9615 3 роки тому +2

    I am from Nigeria,I enjoy your video

  • @ProudMele
    @ProudMele 3 роки тому +1

    I LOVE YOUR VIDEOS!!!!

  • @malebohangntsohi
    @malebohangntsohi Рік тому

    Thanks Amanda, you increase my passion of Auditing every day. Malele from Lesotho Southern Africa

  • @renataplens3917
    @renataplens3917 3 роки тому +3

    Love your classes, Amanda! Regards from Brazil!

  • @八島政浩
    @八島政浩 4 роки тому +2

    Tnank you always from Japan! Soooo helpful!

  • @tjhessmon4327
    @tjhessmon4327 7 місяців тому +3

    In the quality arena we use risk assessment models to determine Process Risk and the need for control based upon Severity, Detection and Occurrence. The same approach could be deployed relative to financial controls, especially SOX. Using the tool could provide a "Risk Priority Number" or RPN as we refer to it. which would make it easy to identify those key areas which are most likely to present financial issues relative to material misstatement.
    In a 500 million dollar inventory for instance, Inventorying paper gaskets worth $70.00 us might not be relevant at all to the financial statement. However I have witnessed, auditors desire the counting of even trite volumes of inventory regardless of the severity of the risk occurring, simply because they don't understand RPN calculation.

  • @warrenmwango3107
    @warrenmwango3107 3 роки тому +1

    Very helpful material. I am from Zambia.

  • @ibrahimmusisi8624
    @ibrahimmusisi8624 Рік тому

    My name is Ibrahim from Uganda, its amazing how you make auditing seem easy. I love your classes.

  • @meghnabavejamehta
    @meghnabavejamehta 3 роки тому +4

    Hi Amanda
    I am an IT engineer now studying to be a CA here in Zambia and I really luv all your videos and esp the way u teach😀

  • @ayubaamos4764
    @ayubaamos4764 Рік тому

    shout out to Dr Amanda!
    from Nigeria.

  • @pirgokpanggabean111
    @pirgokpanggabean111 10 місяців тому

    Thank u Dr Amanda, i can learn more

  • @prettymalaza7656
    @prettymalaza7656 3 роки тому +4

    Hi, Amanda thank for the videos , they are really helpful , from SOUTH AFRICA

  • @davidfrancis7991
    @davidfrancis7991 2 роки тому

    Am from Nigeria and your work has been helpful.

  • @matirasabanda7184
    @matirasabanda7184 Місяць тому

    Thanks for this

  • @anantamurti4346
    @anantamurti4346 4 роки тому +2

    Bless you!

    • @amandalovestoaudit
      @amandalovestoaudit  4 роки тому

      Aww thanks - just trying to help all the students learning online 😊

  • @nitheshkumar9944
    @nitheshkumar9944 3 місяці тому +1

    CA from India ❤

  • @bmwalukasa6064
    @bmwalukasa6064 2 роки тому

    Wonderful presentation

  • @nileshacharekar9465
    @nileshacharekar9465 2 роки тому

    Thank You very much for your information

  • @ulukposomark9130
    @ulukposomark9130 2 роки тому

    Great work Amanda. i am from Nigeria

  • @calvinchaitezvi
    @calvinchaitezvi 3 роки тому +2

    I'm in Zimbabwe i enjoy your videos!

  • @JustFatimaa
    @JustFatimaa 3 роки тому +1

    Amanda you’re Awesome! Thank you for this ❤️

  • @DOMINATEYOURWORLDTV
    @DOMINATEYOURWORLDTV 2 роки тому

    Hello Amanda. Thank you for the videos. Godsway from Ghana.

  • @hanrigeyvanpittius9016
    @hanrigeyvanpittius9016 3 роки тому +1

    Thanks Amanda! From Namibia

  • @shruthivinay6907
    @shruthivinay6907 9 місяців тому

    Just can't stop myself watching your videos... Just in lo
    ve with your teaching- from India

  • @YuusufAkorede
    @YuusufAkorede Рік тому

    BLESS YOU, BLESS YOU, BLESS YOU

  • @kamalpeeris2894
    @kamalpeeris2894 2 роки тому +1

    Your presentations are very attractive and easy to understand. Kamal from Sri Lanka

  • @horyaalmedianetwork167
    @horyaalmedianetwork167 3 роки тому +1

    Thnx amada

  • @kanenechekwumehope6754
    @kanenechekwumehope6754 3 роки тому

    thank you amanda.

  • @abzafoli
    @abzafoli 4 роки тому +1

    Love your video from Algeria

  • @harcosbali
    @harcosbali 3 роки тому +2

    We love Amanda, who loves audit, thank you :-)

  • @kingsleysindombo7544
    @kingsleysindombo7544 2 роки тому

    Simple and straight forward..I enjoyed your lecture madam

  • @ngonidzashemugarisanwa9525
    @ngonidzashemugarisanwa9525 4 роки тому +2

    thank you from Zimbabwe.

  • @undergoat2578
    @undergoat2578 2 роки тому

    all the way fro somalia .. love your channel

  • @karinyan4280
    @karinyan4280 4 місяці тому

    Hi Dr Amanda I am from Singapore. I make a career switch to internal audit in last November. thks for all your videos very helpful.

  • @ConradOjiambo
    @ConradOjiambo 2 роки тому

    Thank you very much this was really useful

  • @Rodrigop568
    @Rodrigop568 3 роки тому

    Thank you for all the help. From Zimbabwe

  • @gemmalowe3011
    @gemmalowe3011 3 роки тому

    Your classes have been so so helpful. From UK

    • @amandalovestoaudit
      @amandalovestoaudit  3 роки тому

      Hey Gemma - good luck in your studies and thank you for studying with me ☺️

  • @s.pyathaassociates112
    @s.pyathaassociates112 2 роки тому

    Hi Dr. Amanda, I am from Nepal and Love your videos.. Thank you..

  • @Shakra252
    @Shakra252 Рік тому

    From somalia, thank you for helping

  • @brunarexeimann6550
    @brunarexeimann6550 2 роки тому

    Amanda, thanks for your content! Greetings from Brazil

  • @AdamsAnthony-z5r
    @AdamsAnthony-z5r 4 місяці тому

    I really appreciate your time.frm NIGERIA

  • @ZamchangMarieDiane
    @ZamchangMarieDiane Рік тому

    Marie Diane from Cameroon. Love your lessons

  • @nomoremubaira6510
    @nomoremubaira6510 4 роки тому +2

    Hi Amanda, you are doing good work, from Zimbabwe. Here we now use ISAs & IFRSs l heard on one of your videos suggesting we dont follow the standards.

    • @amandalovestoaudit
      @amandalovestoaudit  4 роки тому

      Hi Nomore - thanks for your feedback - those are quite old recordings ☺️

    • @nomoremubaira6510
      @nomoremubaira6510 4 роки тому

      kkkkk its okay hey, continue the good work l hope one day will tour Australia

  • @rifqihamid2009
    @rifqihamid2009 3 роки тому +1

    Hi Amanda Thank you so much for your helpful videos. From Indonesia

  • @2enslavedspirit
    @2enslavedspirit 3 роки тому +2

    i am from Pakistan and i love watching your videos!
    Thank you for bringing up the amazing content!

  • @mdshafiulazamacamentorofifrsia
    @mdshafiulazamacamentorofifrsia 3 роки тому +2

    I really find interest in such effective lecture.From Bangladesh

  • @alemanita2219
    @alemanita2219 3 роки тому +2

    Love from Amber Wilbourn from the US (born in Germany) - Thank you for posting such helpful videos!

  • @theresatweh1721
    @theresatweh1721 3 роки тому

    Thank Amanda for the great explanation join you from Liberia

  • @cosmologistscientist2333
    @cosmologistscientist2333 2 роки тому

    thank you my lady for your information I really got excellent information from you regarding my master degree

  • @jayzeljimenez5953
    @jayzeljimenez5953 3 роки тому

    Hi i love all of your videos! I learned so much from you❤️❤️❤️

  • @maimbimpepo8203
    @maimbimpepo8203 3 роки тому

    Hey Amanda, am maimbi from zambia i enjoy watching your videos.

  • @nombusodubazane6113
    @nombusodubazane6113 2 роки тому

    Good Bless You 🙌

  • @piyush276
    @piyush276 2 роки тому +4

    Hello, I am CA Student from India. Thank you Amanda for making such videos, l am watching your video around a month now and It really helps me to clear my concept and understanding of the Audit. Now I do love Audit.

  • @edmundoc.guterres5833
    @edmundoc.guterres5833 Рік тому +2

    Hi Amanda, I'm very excited to watch your videos, it's very informative and resourceful,l. You know, I don't have an accounting skills however I have been working for a government institution in Timor Leste it's quite challenging during a year of work however your videos are very helpful and Informative.

  • @nditipeter7196
    @nditipeter7196 Рік тому

    I'm following you from Tanzania 🇹🇿

  • @honeyb.8070
    @honeyb.8070 2 місяці тому

    Bless you 🙂

  • @Eni_199
    @Eni_199 2 роки тому

    Hello Amanda, Nice to connect with you. I love your presentation. I'm from Nigeria

  • @MsKiDworld
    @MsKiDworld 3 роки тому +1

    Hi from Cayman Island, currently undergrad student working full time as a jr accountant in a auditing firm. I’m new to auditing and long journey ahead

  • @kahntul-ay2500
    @kahntul-ay2500 3 роки тому +2

    From Philippines. I'm now a big fan apart from the fact that I really need consult with you regarding our business

  • @shacreary4096
    @shacreary4096 Рік тому

    Love from Jamaica

  • @ThinkingOutLoudWithAnjy
    @ThinkingOutLoudWithAnjy 8 днів тому

    This was so helpful. I'm a Control Assurance Analyst at bank, I test controls related to nonfinancial risks so they're not ICFR and don't necessarily have a bearing on the the accuracy of financial reporting/mistatements in financial statement. For example, controls for conduct risks, regulatory compliance risks, payments oversight risks, etc. Could you make a video tailored to Operational risks & Controls please. Thank you 😊

  • @positivelifestyleattitude4101
    @positivelifestyleattitude4101 2 роки тому

    Thank you so much
    From Benin republic in west Africa

  • @igorvorobjov
    @igorvorobjov 4 роки тому +1

    bless you

  • @lizbertify
    @lizbertify 2 роки тому

    I'm very new to your channel and also new to Auditing, targeting more of I.T. Auditing space. Thank you for helping us learn.
    That sneeze is the highlight of the video 🤣🤣🤣🤣.....bless you!

    • @nesq4104
      @nesq4104 Рік тому

      How is your IT audit job search going, also do you have certifications?

  • @harryrondy6647
    @harryrondy6647 4 роки тому +2

    thank you from Solomon Islands 😉😍,
    very informative, I join Internal Audit and I love your channel

    • @amandalovestoaudit
      @amandalovestoaudit  4 роки тому

      Thanks Harry! Hope things are well in the Solomon Islands and the tropical cyclones are staying away ☺️

  • @warpath5922
    @warpath5922 4 роки тому +1

    I'm from Guyana, love your vids.

  • @bdodcdm
    @bdodcdm 3 роки тому +2

    Thank you the lecture . Pradeep from Mauritius

  • @kevinlongskis
    @kevinlongskis 4 роки тому +1

    At 8:36- bless you :)

  • @kenenim_
    @kenenim_ 3 роки тому +1

    I'm from Canada !

  • @k0925sk
    @k0925sk 2 роки тому

    Thank you for sharing From Hong Kong

  • @eltesgunesi
    @eltesgunesi Рік тому

    Bless you 🙏

  • @edvar8425
    @edvar8425 3 роки тому

    Amazing! This was very helpful, thank you! I'm from Brazil