Audit Process: Overview

Auditing Theory: Concept and Practice Tutorial Series covers the necessary skill and knowledge that will help in passing the CPA Licensure Exam and information that will guide auditors in performing auditing and related services.

This video aims to help the viewers understand and review the Audit Process, starting from client acceptance to issuance of the audit report.

Hi guys! The following list provides the topics discussed in this tutorial.
0:00 - Start
0:50 - Overview
2:13 - Client Acceptance Decision
14:20 - Client Continuance Decision
18:20 - Risk Assessment: Procedures
24:05 - Risk Assessment: Understanding the Entity
29:05 - Risk Assessment: Understanding Internal Control
29:53 - Risk Assessment: Materiality
36:35 - Audit Risk Model
43:50 - Overall Audit Strategy and Audit Plan
46:25 - Test of Control
54:55 - Substantive Test
1:00:17 - Completing the Audit
1:09:14 - Forming an Auditor's Opinion
1:14:30 - Contents of Audit Report

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