3 methods to identify internal control weaknesses
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- Опубліковано 29 чер 2024
- My overview video on testing internal controls
• Overview of testing in...
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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
I love your presentations I'm from Jamaica
Perfect!
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Thank you so much. This was helpful. From South Africa.
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.
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Bless you Amanda! Thanks for your great videos!
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Suriname. You helped me pass ACCA so thank you very much. I recommend your video's to all
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Wow absolutely love the assertions approach to identifying weak controls...this was awesome 👍 Lungi South Africa
Thank you Lungi! It minimises the risk of not identifying something!
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.
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.
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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.
Amanda you’re Awesome! Thank you for this ❤️
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Thank you, this lesson is very valuable!
Loved all your sessions ❤
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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.
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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..
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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.
Hi Amanda, am CA from India and your videos are really helping me refresh audit and prepare for interviews.
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@@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❤️❤️
@@nehasharma5310 That is great to hear!
Eve from Malawi.....your lessons are very clear and easy to follow.
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 🙏
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Thanks Amanda, you increase my passion of Auditing every day. Malele from Lesotho Southern Africa
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Amazing! This was very helpful, thank you! I'm from Brazil
Thank u Dr Amanda, i can learn more
Thank you very much this was really useful
Amanda, thanks for your content! Greetings from Brazil
Hello Amanda. Thank you for the videos. Godsway from Ghana.
Hi i love all of your videos! I learned so much from you❤️❤️❤️
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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!! 😄
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Simple and straight forward..I enjoyed your lecture madam
Thank You very much for your information
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.
Your classes have been so so helpful. From UK
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Hi Amanda awesome video. Tuning in from The Bahamas!
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thank you my lady for your information I really got excellent information from you regarding my master degree
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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.
Love your classes, Amanda! Regards from Brazil!
Obrigada Renata! (Is that the correct word?)
@@amandalovestoaudit that's correct! :)
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!
How is your IT audit job search going, also do you have certifications?
Am from Nigeria and your work has been helpful.
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My name is Ibrahim from Uganda, its amazing how you make auditing seem easy. I love your classes.
shout out to Dr Amanda!
from Nigeria.
I love your style of teaching. from Sudan
Thank Amanda for the great explanation join you from Liberia
Very helpful material. I am from Zambia.
BLESS YOU, BLESS YOU, BLESS YOU
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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😀
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ve with your teaching- from India
Wonderful presentation
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You are great!! I am from Zimbabwe
all the way fro somalia .. love your channel
thank you amanda.
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thank you from Solomon Islands 😉😍,
very informative, I join Internal Audit and I love your channel
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Thank you for all the help. From Zimbabwe
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I’m from Ghana. I really enjoy your videos
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Love your videos! Professor from Cranbury, New Jersey, USA
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I really find interest in such effective lecture.From Bangladesh
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Happy to help!
Hi, Amanda thank for the videos , they are really helpful , from SOUTH AFRICA
Thank you! Love all of my viewers from the African continent!
@@amandalovestoaudit also from SA
Hi Amanda Thank you so much for your helpful videos. From Indonesia
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Hello Amanda, Nice to connect with you. I love your presentation. I'm from Nigeria
I'm from Guyana, love your vids.
Hi! Thanks 😊
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From Benin republic in west Africa
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I'm in Zimbabwe i enjoy your videos!
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Thanks Amanda! From Namibia
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From pakistan and you helping me alot to pass my audit exam in CA. 💜
Marie Diane from Cameroon. Love your lessons
Love from Jamaica
From Philippines. I'm now a big fan apart from the fact that I really need consult with you regarding our business
Thank you!
Love your video from Algeria
Hi - thank you for watching!
Bless you 🙏
Hi, i am Fatou Khan from The Gambia. I love your videos .
thank you from Zimbabwe.
Always great to hear from my viewers in Zim! 🙏😊
Thank you for sharing From Hong Kong
Love From Gambia...!
Thank you so much ❤️
Nigeria 🇳🇬 thank you for these videos
Thank you the lecture . Pradeep from Mauritius
Thanks for learning with me Pradeep!
Hello.. I'm New and watching from Cameroon. Seems like i'm 1st from this location 🤗🤗🤗😄
Welcome!! Thank you for watching 😊
I'm Julie studying IT Auditor. From Ghana. Nice to be here.
Thanks Amanda it was so helpful. IIts Megan from Zimbabwe
Hello, I'm Abdeslam from morocco. Thinks for your efforts.
Thank you for watching!
new subscriber here. I am from the Philippines but I am now in the US working as Internal Auditor :)
Loves to audit! Myanmar😍
bless you
Thank you Igor 🙏 - stay safe and well ☺️
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.
Hi Nomore - thanks for your feedback - those are quite old recordings ☺️
kkkkk its okay hey, continue the good work l hope one day will tour Australia
Good morning abdo from new York
Your videos are perfect i save a lot of time because of it thank you
Soon I will pass cpa in auditing but i still have a problem in researcher part they is any video about that
Thanks