ACCT3322 Chapter Notes - Chapter 12: Audit Evidence, Financial Statement, Corporations Act 2001
Document Summary
Chapter 12 notes: completing and reporting on the audit. 12. 1 explain the procedures performed as part of the engagement wrap-up, including gathering and evaluating audit evidence. 12. 2 explain the considerations when assessing the going concern assumption used in the preparation of the financial report. 12. 3 assess the two types of (material) subsequent events to determine what effect they have on the financial report (if any) 12. 4 evaluate misstatements and explain the difference between quantitative and qualitative considerations when evaluating misstatements. 12. 5 evaluate conclusions obtained during the performance of the audit and explain how these conclusions link to the overall opinion formed on the financial report. 12. 6 explain the components of an audit report. 12. 7 discriminate between the types of modifications to an audit report. 12. 8 explain why corporations act breaches are important to understand. 12. 9 explain what reporting is required to management and those charged with governance.
