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 Post subject: Advice
PostPosted: Sun Feb 27, 2011 5:51 am 
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Joined: Wed Feb 16, 2011 11:58 pm
Posts: 16
Anyone who can advise on how to efficiently study and prepare for the Audit and Attestation?

Is it necessary to actually simulate yourself into the
world of Audit and prepare a flowchart of the following
process in order to deepen the understandings of this section.

1. Planning the Audit
2. Understand the client's environment, internal control
and assess the risks of material misstatement of
financial reporting
3. Perform Test of Control
4. Perform Substantive Tests
5. Complete the Audit
6. Release the Audit Report

Thanks so much


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 Post subject: Re: Advice
PostPosted: Mon Feb 28, 2011 6:35 am 
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Joined: Tue Mar 09, 2010 11:19 am
Posts: 29
I would say no, that's not really necessary unless it helps you understand the process better. Maybe some bullet points below each one of those that describe the process in greater detail.


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 Post subject: Re: Advice
PostPosted: Mon Apr 25, 2011 12:36 am 
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Joined: Mon Apr 25, 2011 12:27 am
Posts: 11
Thank you for the informative post.


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