ACCA F8 - Managing Fraud |

This is the 6th video in the series of nine. Covering part B: - Planning and risk assessment of ACCA's F8 - Audit and Assurance paper including:

1. The acceptance stage: “Obtaining, accepting and continuing audit engagements.”
2. Engagement letter: “Objective and general principles.”
3. “Quality Control”
4. Audit risk: “Assessing audit risks.”
5. Identifying Audit risk: “Understanding the entity and its environment.”
6. “Fraud”
7. “Laws and regulations”
8. “Planning process”
9. "Audit documentation"

Watch full playlist here:    • AA [F8] - B: Planning and risk assess...  


Download ACCA F8 2022 - 2033 syllabus here: https://www.accaglobal.com/in/en/stud...
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After watching this video, you will be able to:

a) Discuss the effect of fraud and misstatements on the audit strategy and extent of audit work.
b) Discuss the responsibilities of internal and external auditors for the prevention and detection of fraud and error.
c) Explain the auditor’s responsibility to consider laws and regulations

Video 7: Laws and Regulations |    • ACCA F8 - Laws and regulations | #acc...  
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Video contents:
00:00 - intro
00:06 - ISA240
00:18 - auditor's responsibility
00:39 - Types of fraud
00:58 - Auditors not responsible to prove fraud
01:45 - Auditors must
02:26 - High risk of fraud
03:12 - Steps if fraud is found
04:02 - Summary
04:39 - End

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Transcript:


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