Joined: Wed Feb 16, 2011 11:58 pm Posts: 16
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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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