Professional Documents
Culture Documents
ASSURANCE
EXAM SPECIFIC SEMINAR
Summer 2012
Audit Risk
Definition
How can possibly an audit risk arise?
Error
Fraud
Drafting Audit Risk
AUDIT RISK AND BUSINESS RISK
Business Risk
Financial, Operational and Compliance
Risk
Drafting Business Risk
LINKING
BOTH THE
RISKS
ADDRESSING THE
AUDIT RISK
AUDIT RISK AND BUSINESS RISK
audit procedure
Dont be vague, use a proper verb!
What exactly you did in the procedure?
Must be addressing the risk!
Prioritize !
Practice !
PRACTICE QUESTION
ETHICS AND QUALITY
CONTROL CONSIDERATIONS
HANDLING ETHICS & QC QUESTIONS