No words can explain how much of a life saviour you are. My lecturer on campus can barely teach and the textbooks provided get me twice as confused- I was able to understand this topic in under 5 minutes. Thank you so much!!
You are the queen of auditing!!!!!! I absolutely love auditing, and I had a hard time understanding the concepts of Audit Risks, testing, sampling...etc. You truly make life a lot easier for a passionate auditor such as myself. Thank you for taking the time to explain this in great detail!!!!
Wonderful teaching! I have been so confusing about the combine audit approach and your video made it so easy to understand! In 5 minutes I understand it better than than spending 2 hours reading textbook! Amanda you're the best!
hey Amanda . i am a accounting student from UTS and currently taking the Assurance service and Audit subject. these videos are really helpful for understanding the basic frame and concept abt auditing work. please keep it updated. thank you :)
Amanda, you're doing great job! I am looking for a source where I could find an example of a complete, real life audit file of a small or medium size client as a reference for size of documentation and its depth you are required to assemble and amount of work done. I am a CPA equivalent in my country and it is not available. How many hours do you think an auditor (CPA alone and no assistants) is required to spend on an audit including planning and documenting of a small to medium size client?
Hi Amanda. Thanks so much for your videos. Just a quick question though - in this video, you provide that the degree of control testing and substantive TOD is a function of the auditor's assessment of the client's control risk, not their RoMM in its totality i.e. as both inherent risk and control risk. Would the principles stated in this video hold true irrespective of the level of inherent risk - because inherent risk does not look to be mentioned at all. I.e. if control risk is high, then the auditor will set detection risk to low to keep audit risk acceptably low and therefore, their audit strategy will be predominantly substantive TODs - but would this still be the case if inherent risk is assessed as lower risk? And relatedly, is there a postive relationship between control risk and inherent risk? Thanks so much
Hi Peter! Good spotting! In a situation where IR is extremely high and controls are excellent - you would still mostly rely on TOCs but your TOD samples would be larger, and potentially gathering different sourced of evidence to corroborate/triangulate. The amount of reliance on TOCs are entirely related to CR. Hope this helps ☺️
Hi Amanda, i have listen u r audit vedios on youtube.. presently iam pursuing CIA/CISA. Do u have any audios related to internal audit and sox.. please mail me the link Thanks Murthy
Why couldn't youtube recommend me this while I entered into CA course.
Wonderful teaching ma'am!! Thanks a lot ! ☺
Honestly some of the best audit teaching I have received. Thanks!!
No words can explain how much of a life saviour you are. My lecturer on campus can barely teach and the textbooks provided get me twice as confused- I was able to understand this topic in under 5 minutes. Thank you so much!!
You’re welcome! And best of luck in your studies ☺️ be sure to let me know how you go!
You are the queen of auditing!!!!!! I absolutely love auditing, and I had a hard time understanding the concepts of Audit Risks, testing, sampling...etc. You truly make life a lot easier for a passionate auditor such as myself. Thank you for taking the time to explain this in great detail!!!!
you're a star! watching from england, stumbled on this during revision
week and it has been so helpful! we need more teachers like you!
Wonderful teaching! I have been so confusing about the combine audit approach and your video made it so easy to understand! In 5 minutes I understand it better than than spending 2 hours reading textbook! Amanda you're the best!
You’re so welcome Amanda ☺️
Sorry about that scoff - I was still trying to figure out how to focus my camera - I have it sorted now :)
Great video with quality info. Thanks for sharing.
hey Amanda . i am a accounting student from UTS and currently taking the Assurance service and Audit subject. these videos are really helpful for understanding the basic frame and concept abt auditing work. please keep it updated. thank you :)
Thank you I finally understand this section now.
i listen to these sessions while I'm on the job!
Great job. Clear and to the point.
the illustration awesome, time to note the illustration, thanks
Thank you so much! You’re like the Khan Academy of auditing.
A very helpful video for understanding the basics. Thank you and keep up the good work!
its really lovely videoo , i can catch up my understanding by watching this videooo ,ILOVE AMANDAA❤❤❤
yoloko?
Love classes by Amanda!!
doing auditing through UniSa, these videos are a GREAT help. watching them all :)
Hey how are you, i hope you now a CA (SA) ..i am now doing via UNISA
Amanda, you're doing great job! I am looking for a source where I could find an example of a complete, real life audit file of a small or medium size client as a reference for size of documentation and its depth you are required to assemble and amount of work done. I am a CPA equivalent in my country and it is not available. How many hours do you think an auditor (CPA alone and no assistants) is required to spend on an audit including planning and documenting of a small to medium size client?
Thank you Amanda! You are the BEST!
Thanks so much! Love your vids - very easy to follow and understand!!!
Love your videos! Please continue posting.
SIMPLY AMAZING!!!! IT MAKES SENSE NOW.
Oh my gosh, this made my life X1000 better. I finally get it now!
it's very helpful Amanda, thank you! could you make more videos on audit planning and steps?
Thank you so much Amenda love you! :)
Thanks Amanda!
Thank you. Very helpful . Good supplement to my cpa exam review course
Good and informative , zia form Pakistan
Thanks Amanda, super super helpful
Thanks for posting this video. Very helpful !!
Great
Hi Amanda. Thanks so much for your videos. Just a quick question though - in this video, you provide that the degree of control testing and substantive TOD is a function of the auditor's assessment of the client's control risk, not their RoMM in its totality i.e. as both inherent risk and control risk. Would the principles stated in this video hold true irrespective of the level of inherent risk - because inherent risk does not look to be mentioned at all. I.e. if control risk is high, then the auditor will set detection risk to low to keep audit risk acceptably low and therefore, their audit strategy will be predominantly substantive TODs - but would this still be the case if inherent risk is assessed as lower risk? And relatedly, is there a postive relationship between control risk and inherent risk?
Thanks so much
Hi Peter! Good spotting! In a situation where IR is extremely high and controls are excellent - you would still mostly rely on TOCs but your TOD samples would be larger, and potentially gathering different sourced of evidence to corroborate/triangulate.
The amount of reliance on TOCs are entirely related to CR.
Hope this helps ☺️
Much better than my professor who is a CPA and claims to be very smart in Auditing.
Awww thanks Ramit!
GOOD LUCK EVERYONE ON YOUR FINALS!
thank you for these awesome videos!
thanks for this.
i love amanda
really nice way to teach
THANK YOU!!!!!
Very good thanks
good explanation
Do you mean testing of operational, financial and compliance controls testing in low control risk situation?
When I say testing ICs - I refer to controls that are there to ensure that data recorded meets the assertions 😊
omg. thank you for this
Hi, why is substantive testing always required?
Hi - do you remember what I said in the video?
Does this relevant to Internal audit?
When auditing processes and financial information - yes ☺️
@@amandalovestoaudit does it suitable for auditing operations process?
No - this is not the framework for an operational engagement.
Hi Amanda. Which Auditing standards are you following? What country?
+Ashawkys Hi - I'm based in Australia - so we use the Australian Auditing Standards, which are harmonized with the International Auditing Standards :)
Bravo
are you malaysian? im just guessing :)
A great question - and I answer it in the video that is coming out soon about 4 steps to design internal controls!
title is wrong. its called an audit approach Not strategy
Amanda, looks cool, but a bit fuzzy....
Hi Amanda,
i have listen u r audit vedios on youtube.. presently iam pursuing CIA/CISA. Do u have any audios related to internal audit and sox.. please mail me the link
Thanks
Murthy