University of South Africa AUE 3702| Substantive Procedures and Finalizing an Audit Semester 1 & 2

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University of South Africa AUE 3702| Substantive Procedures and Finalizing an Audit Semester 1 & 2 ORIENTATION AND LEARNING APPROACH iv TOPIC 1: Audit evidence 1 LEARNING UNIT 1.1: The theory of ... audit evidence (ISA 500) 2 LEARNING UNIT 1.2: Relying on information produced by a 7 management’s expert (ISA 500) LEARNING UNIT 1.3: Using the work of an auditor’s expert (ISA 620) 10 LEARNING UNIT 1.4: Using the work of internal auditors (ISA 610) 13 LEARNING UNIT 1.5: Initial engagements: opening balances (ISA 16 510) LEARNING UNIT 1.6: Accounting estimates including fair value 22 accounting estimates, and related disclosures (ISA 540) LEARNING UNIT 1.7: Audit sampling (ISA 530) 26 LEARNING UNIT 1.8: External confirmations (ISA 505) 30 LEARNING UNIT 1.9: Written representations (ISA 580) 34 TOPIC 2: Substantive procedures: the concepts 37 LEARNING UNIT 2.1 Principles in formulating substantive 38 procedures LEARNING UNIT 2.2 Substantive procedures with assistance of 52 CAATs LEARNING UNIT 2.3 Analytical procedures 56 TOPIC 3: Formulating the substantive procedures for the cycles 61 LEARNING UNIT 3.1 Revenue and receipts cycle 62 LEARNING UNIT 3.2 Acquisitions and payments cycle 68 LEARNING UNIT 3.3 Inventory and production cycle 74 LEARNING UNIT 3.4 Payroll and personnel cycle 84 LEARNING UNIT 3.5 Finance and investment cycle 92 TOPIC 4: Evaluating, concluding and reporting 99 LEARNING UNIT 4.1 Evaluation of misstatements identified during the audit (ISA 450) 101 LEARNING UNIT 4.2 Related parties (ISA 550) 104 LEARNING UNIT 4.3 Subsequent events 108 LEARNING UNIT 4.4 Provisions and contingent liabilities 117 LEARNING UNIT 4.5 Going concern and factual insolvency 121 LEARNING UNIT 4.6 Audit report 127 [Show More]

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